ao link
Twitter
Facebook
Linked In
Twitter
Facebook
Linked In

You are viewing 1 of your 1 free articles

G15 landlord completes merger of subsidiaries

A G15 landlord has confirmed the consolidation of parts of its business by completing the merger of two of its subsidiaries into just one body. 

Linked InTwitterFacebookeCard
Picture: Getty
Picture: Getty
Sharelines

A G15 landlord has confirmed the consolidation of parts of its business by completing the merger of two of its subsidiaries into just one body #UKhousing

In a stock market update today, Town & Country Housing and Rosebery Housing Association have confirmed their intention to come together as a single operating company within the Peabody Group.

Peabody, the 104,000-home landlord that operates across London and the South East, said it planned to transfer Rosebery’s assets and operations to Town & Country in April 2023.


READ MORE

Large national landlord to become member of G15 following mergerLarge national landlord to become member of G15 following merger
New landlord launches following merger of two Yorkshire-based providers New landlord launches following merger of two Yorkshire-based providers 
Newly merged G15 landlord to explore merging subsidiariesNewly merged G15 landlord to explore merging subsidiaries

Peabody revealed its intention to consolidate parts of its operations just two months after its merger with fellow London landlord Catalyst in April last year. 

The merger meant Peabody managed both of the smaller associations as subsidiaries, which had “complementary areas and strategic goals”, according to Peabody.

As part of the initial merger deal, Catalyst – which owns 37,000 homes – became a subsidiary of Peabody. It came just a year after Catalyst had taken over 2,700-home Rosebery, which largely operates in Surrey and West Sussex.

Town & Country, a 10,000-home landlord, became a subsidiary of Peabody in 2019 after a takeover. Town & Country operates largely in Kent and Sussex.

In a statement to the stock market last year, Peabody said: “In the next year we will be exploring how we could bring the businesses closer together and subject to all necessary consultation and consents, consider transferring Rosebery Housing Association assets and operations to Town & Country Housing in 2023.”

Sign up for our development and finance newsletter

A block of flats under construction
Picture: Alamy
Linked InTwitterFacebookeCard
Add New Comment
You must be logged in to comment.
By continuing to browse this site you are agreeing to the use of cookies. Browsing is anonymised until you sign up. Click for more info.
Cookie Settings