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North West housing associations to merge creating new 33,000-home group

Posted 03.07.17
New Charter Group: Article link

New Charter Group and Adactus Housing Group are set to merge creating a new organisation with 33,000 homes.

After Boards approved the full business case, both companies will combine their strengths and form a new, much larger organisation operating across the North West and East Midlands.

Subject to obtaining further approvals, the merger is planned to take place later this year. The announcement of a new company name will follow.

As well as a portfolio of 20,000 homes in Greater Manchester and Nottingham, New Charter Group owns a profitable building company and a homelessness charity.

The Adactus Housing Group owns and manages more than 13,000 homes across 21 local authority areas in the North West of England.


Family Mosaic merger with Peabody completed

Posted 03.07.17
Family Mosaic: Article link

Peabody and Family Mosaic have now merged. Family Mosaic becomes part of the Peabody group although its subsidiary name will continue for a while.

As a result of the merger, the new group now has 111,000 residents in 55,000 homes spread across 29 London boroughs, with over 2,000 homes in Essex, Sussex, Hampshire and Kent.

New Peabody Chief Executive Brendan Sarsfield said: "We will put the most vulnerable first, building as many good quality homes for low-cost rent as we possibly can".

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Reporting on July 2017

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