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Housing associations merge to form £160m company

Two housing associations have merged to form a £160m social housing company called Stonewater.

The Homes and Communities Agency gave the green light for Jephson and Raglan to join forces in September, which combined have £1.6bn in assets across the UK.

The changes should be finalised in time for the merger to take effect from 1 January 2015.

Current Jephson CEO Bob Strachan will become chief executive of the new company, with Raglan chief executive Nick Harris taking up the post of deputy CEO.

The company’s board designate committee will be led by George Blunden as chair and Michael Collins as deputy chair – currently chairs of Raglan and Jephson boards respectively.

Also this month:

Housing associations have warned the Conservative Party’s proposed benefit cap could ramp up their commercial home delivery.

 

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