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G15 landlord discussing ‘partnership’ with small housing association
Large London-based landlord Catalyst has revealed it is in “early partnership discussions” with a small housing association.
Catalyst, which owns and manages around 32,000 homes, is in talks with 2,700-home Rosebery Housing Association.
Rosebery, which is based in Epsom and has stock across Surrey and West Sussex, said it is seeking a partner to develop more homes and with a “proven track record” in estate regeneration.
Proposals would see Rosebery join Catalyst as a subsidiary with authority over a defined geography.
Discussions on the plan are ongoing and neither board has approved the partnership yet.
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Both landlords currently hold G1/V1 ratings for governance and financial viability from the Regulator of Social Housing.
Ian McDermott, chief executive of Catalyst, said: “Rosebery’s strong reputation, clear values and local expertise make them a very attractive potential partner.
“Myself, our board and my executive team are open to thoughtful, gradual growth opportunities. The potential of this partnership would fit that philosophy.”
Catalyst completed a merger with 9,000-home Aldwyck in May last year.
Deborah Pike, chief executive of Rosebery, said: “Catalyst and Rosebery are committed to sustainable communities. This partnership offers the opportunity to bring together Catalyst’s regeneration experience and capacity and Rosebery’s expertise in resident involvement in the provision of good quality local services.
“The board and team [at] Rosebery are excited about the prospects for this to be a rewarding and enduring partnership.”
Catalyst recently announced that it will repay more than £250,000 that it received from government via the Coronavirus Job Retention Scheme.
