Posted 15.11.16
Sovereign Housing Association: Article link
Sovereign Housing Association and Spectrum Housing Group have joined together to create a brand new organisation. Called Sovereign, we're now one of the largest housing associations in the country with 55,000 homes across the south.
The Boards of both organisations had a strategic ambition to become more efficient and effective by growing within a tight geography. As a result, talks began in 2015 about swapping and selling stock, but quickly developed into formal merger discussions.
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Posted 08.11.16
Transform Housing & Support: Article link
The proposed merger between the Transform Housing & Support and Cherchefelle Housing Association, originally announced in October 2015, has now been finalised.
The merged organisation will see 211 staff supporting 1,382 people in Surrey, Berkshire, Hampshire, West Sussex, Sutton and Richmond upon Thames.
These combined resources will enable more people to be supported in the coming years with housing, support and care services.
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Posted 08.11.16
Salvation Army Housing Association: Article link
Salvation Army Housing Association (saha) and Chapter 1 Charity Ltd have announced their plans to merge the two organisations.
Chapter 1 will become a subsidiary of saha, a move that is anticipated to complete by the end of November 16.
The merger will create an organisation of over 4,200 properties across the UK which will include residential centres and move-on housing for people who have experienced homelessness.
Support services are set to grow while the organisations also continue to offer support for young people, people suffering from domestic abuse, people with mental health needs, among a number of others.
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Posted 07.11.16
A2Dominion: Article link
A2Dominion Housing Group has issued a £250 million 3.50% unsecured sterling bonds due 2028 off its recently established £1 billion Euro Medium Term Note (EMTN) programme, obtaining funding at an effective interest rate of 3.56%, a spread of 230 bps over the reference gilt.
Both the programme and issue were rated A+ by Fitch Ratings, mirroring the housing group's long-term corporate rating.
The proceeds of the issue will be lent to other members of the A2Dominion Group.
