Mon, 13 Feb 2017 | MERGER
Two Berkshire-based housing associations have announced plans to join forces to create a new 14,600-home landlord in the county.
Bracknell Forest Homes, which owns and manages over 7,000 properties, said it had started “early discussions” with Maidenhead-based association Housing Solutions, which owns 7,500 homes.
Bracknell said the merger would help both associations manage the “immense pressure” on them to provide more homes to meet the shortage of affordable housing.
“I’m very pleased that so far the potential collaboration with Housing Solutions seems to match our expectations,” said Graeme Stanley, chair of the board at Bracknell Forest Homes.
“Both associations have a comparable number of properties and share an ambition to build more homes, deliver the best possible service for customers and invest in communities.
“Initial indications show that our combined strength could deliver one and a half times more homes compared to what we could both do on our own.”
Both associations are similarly sized. Bracknell Forest Homes, established in 2008, is a not-for-profit association employing around 220 people and with an annual turnover of £42 million.
Housing Solutions was founded in 1995, employs more than 150 staff and has an annual turnover of £43 million.
Bracknell said ”further work” will now be done on the proposal and there will be consultation with customers and other stakeholders, with more information to be published in the coming months.
Paul Bettison, leader of Bracknell Forest Council, welcomed the news and said the council would be watching the talks “with interest”.
Find a business for sale.
This well-established business in Northern Ireland offers a robust foothold in the concrete solutions and groundworks industry, boasting a 75% tender success rate and strong client loyalty built over 55 years. With a comprehensive fleet and expertise...
This established training and assessment centre specialises in gas, oil, and renewable energy qualifications, providing accredited courses and independent gas safety audits for both domestic and commercial clients. With long-standing relationships wi...
The business is a fourth-generation family business, established for over 105 years and specialising in luxury indoor conservatory and outdoor garden furniture made from natural, sustainably sourced materials.
28
|
Aug
|
Electrical services business acquired by energy and compliance provider | BUSINESS SALE
CLP Group FS, a Widnes-based electrical services provider, h...
28
|
Aug
|
"Highly specialised" IP up for sale as photonics and quantum technology firm collapses | ADMINISTRATION
Administrators are seeking a buyer for the business and asse...
27
|
Aug
|
Sale recruitment firm to explore acquisitions after MBO | MBO/MBI
A recruitment firm based in Sale has undergone a £5 mi...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.