Merger talks for hous­ing as­so­ci­a­tions

The Wokingham Paper - - NEWS -

TWO ma­jor hous­ing as­so­ci­a­tions are hold­ing merger talks.

The move will see Cat­a­lyst Hous­ing and Ald­wyck Hous­ing Group cre­ate a new group man­ag­ing 30,000 homes across Lon­don and the Home Coun­ties, in­clud­ing some within Wok­ing­ham bor­ough.

Ian McDer­mott, cur­rently Ald­wyck Group Chief Ex­ec­u­tive, was an­nounced as the new Cat­a­lyst Chief Ex­ec­u­tive in July and takes up his role in Jan­uary 2019.

Speak­ing about the merger plans Richard Brown, Chair of Cat­a­lyst Hous­ing, said: “At Cat­a­lyst we are very ex­cited about the po­ten­tial of the pro­posed union with Ald­wyck.

“It will in­crease the sup­ply of much­needed homes in Lon­don and the Home Coun­ties with our com­bined in­ten­tion of build­ing at least 1,300 homes each year.”

Pat Billing­ham, Ald­wyck Group Chair, added: “We be­lieve that the pro­posed merger with Cat­a­lyst will en­able us to ac­cel­er­ate the de­liv­ery of more much needed new homes in the com­mu­ni­ties we serve.

“Our or­gan­i­sa­tions share com­mon aims, val­ues and cul­tures and by join­ing forces we can cre­ate an en­hanced of­fer for our cus­tomers as well as in­creased ca­reer de­vel­op­ment op­por­tu­ni­ties for col­leagues.”

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