Filter
Filter

Filter

Filter content by topic
Accounts
Asset management
Brexit
Deals
Development
Finance
Grant
HAs below 5000
Insight
Market sale
Markets
Mergers and Acquisitions
Pay and pensions
People
Projects
Regulation and Governance
View All

A2Dominion and Radian enter merger talks

A2Dominion and Radian have entered merger talks.

Linked In Twitter Facebook eCard
Linked In Twitter Facebook eCard

The two organisations announced to the financial markets earlier today (14 November 2017) that their boards are starting “formal discussions to form a partnership”.

 

Between them the two groups own and manage 57,000 homes in London and the South of England.


A2Dominion is the larger organisation, with about 36,000 homes. Radian has around 21,000 homes.


They would have a combined turnover of over £500m and over £4bn of assets and £2bn of debt, according to Social Housing’s 2016 accounts digest tables.

 

Both have been through mergers in the past.

 

The pair said they intend to explore options that deliver long-term benefits for the residents and local communities served by the two groups.


It will also focus on providing homes, services and support “for people at all stages of their lives” while building more “by working in partnership than both groups can do alone”.

 

A merger would also focus on transforming customer experience “by developing well regarded digital services for customers alongside a continued strong focus on local services”.


They said work will start “shortly” to develop the detailed proposals for the partnership.


The statement added: “Lenders and investors are key partners for both groups and will be an important part of that process.

 

“We will make further contact with lenders and investors in the New Year and both groups look forward to continuing these positive relationships in future years.”


Resident consultation is envisaged in the Spring or Summer of 2018.

Linked In Twitter Facebook eCard
Add New Comment

Related Stories

For general enquiries you can contact Social Housing at:

1 Canada Square, 21st Floor, Canary Wharf, London E14 5AP

Tel: 0207 772 8300
Fax: 020 7772 8590/91

© 2017 Social Housing
All rights reserved
Twitter
Facebook
LinkedIn