New CFO to join 123,000-home organisation as merger date set for January

Ms Makinson was appointed following an external recruitment process and is expected to start her role in spring.

She joined Abri in January last year and prior to this was chief financial officer at GreenSquareAccord.

Robert Nettleton, Bromford Flagship’s chief executive, will lead the new group with the same job title.

Jac Starr, chair of LiveWest, will take up the same position at the new group.

Bromford Flagship has previously said the tie-up with LiveWest has “scope” to create over £1.5bn of additional capacity within the next 15 years. This is in addition to the £1.9bn in additional capacity over the next 15 years that the merger between Bromford and Flagship was intended to create.

In addition, LiveWest has previously said the merger with Bromford Flagship would support the delivery of 50,000 new homes over the same period.

Bromford Flagship has been busy raising finance since its formation through a merger.

In March, the landlord secured a £100m revolving credit facility, in April it issued a £75m private placement and in July it issued a £300m, 25-year sustainable bond.

More recently, in December the group agreed £150m in sustainability-linked facilities from HSBC and a £50m social loan from NatWest.

In February last year, LiveWest issued £75m of six-year secured green bonds. In April it sold £37m in retained bonds from this issuance.

According to their respective results for 2024-25, Bromford Flagship posted a pre-tax surplus of £136.4m, up from £124.8m in the previous year, and LiveWest reported a pre-tax surplus of £50.1m, the same as in 2023-24.

During the year, Bromford Flagship invested £359m in development to build 1,770 new homes and LiveWest spent £159m to deliver 902 new homes.

Bromford Flagship and LiveWest spent £134m and £117m respectively on their existing homes in 2024-25.