clarion circle affinity sutton merger housing

Creating the UK's largest housing association: Clarion prepares to unlock capacity

12/01/2017 | By Luke Cross

Bringing together Affinity Sutton and Circle Housing meant getting 10 bank funders and £3.3bn of drawn debt ‘over the line’. Loan arrangements, covenants and documentation were ‘harmonised’, supported by the release and recharge of 31,000 properties used as security. Clarion is set to expand nationally, while growing its strategic partnerships and land acquisitions.

l&q refinancing london and qudrant swaps bonds loans housing

L&Q's 'pioneering' £2.6bn refinancing deal rewrites HA treasury book

12/01/2017 | By Luke Cross

L&Q’s ‘pioneering’ £2.6bn refinancing included a new covenant package ‘more in line with the corporate market’ and to support its ambitions to deliver 100,000 homes. The group married banking loans with shorter-term sales activity and longer-term debt capital markets finance with housing for rent. It also saw L&Q crystallise its mark-to-market (M2M) position on its swaps.

Circle repairs costs Kier

Fixing repairs failures ‘will not be limited by budget’, says Clarion CFO

12/01/2017 | By Luke Cross

Clarion’s chief financial officer (CFO) is not anticipating any ‘material financial cost’ or delay to the repairs integration on the back of ongoing failures in the Circle repairs business - but added that correcting those issues will not be limited by the budget.


Merger work pays off for Sovereign and its lenders

12/01/2017 | By Luke Cross

Eighteen months of merger discussions have laid the foundations for a more resilient Sovereign that remains committed to its core geography and purpose, according to its chief financial officer.


Places for People completes Derwent takeover

06/01/2017 | By Luke Cross

Places for People has completed the takeover of Derwent Housing Association, with the smaller organisation now sitting as a subsidiary in the larger group.

Fabrick Housing Vela Housing merger, Thirteen Group, tees valley, newcastle housing

Clarion continues work on Circle legacy structure as new group given interim G2 rating

15/12/2016 | By Luke Cross

Clarion Group - the new organisation formed through the merger of Affinity Sutton and Circle Housing - has been given interim regulatory ratings of G2 and V1.

HCA regulator social housing

Regulator launches interim judgements for recently merged providers

15/12/2016 | By Luke Cross

The English social housing regulator will issue ‘interim’ regulatory judgements for housing providers that have recently merged.

Mergers Group Structures and Partnerships housing associations Natonal Housing Federation

Peabody and Family Mosaic reveal merger plan to create 55,000-home group

07/12/2016 | By Luke Cross

Peabody Trust and Family Mosaic have confirmed they are planning to merge.

Fabrick Housing Vela Housing merger, Thirteen Group, tees valley, newcastle housing

Affinity Sutton and Circle complete merger

30/11/2016 | By Luke Cross

Affinity Sutton and Circle Housing have completed their merger to create one of the largest associations in Europe with plans to build 50,000 homes over 10 years.

Fabrick Housing Vela Housing merger, Thirteen Group, tees valley, newcastle housing

Sovereign and Spectrum complete merger to create 55,000-home association


Sovereign and Spectrum Housing Group have merged to create a 55,000-home housing association.

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