“Two Lincolnshire stock transfer housing associations have opened talks about merging to create a 12,800-home landlord”, Inside Housing, reports
The two housing associations, Shoreline Housing Partnership and Boston Mayflower which have 8,000 and 4,800 homes respectively, have discussed coming together.
A decision on whether to go ahead with the merger will be made at the end of the year as consultants are studying it’s cultural, financial and service impact.
The merger would lead to a landlord with a combined turnover of £52.4m.
Chief executive of Shoreline, Tony Bramley, said:
“These talks, therefore, present an opportunity to discuss the possibility of creating a larger landlord combining services, enhancing efficiencies and creating capacity, to invest more, while still maintaining a focus on local delivery.”
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