Peabody and Family Mosaic housing associations have announced plans to merge to create a giant 55,000-home landlord.
L&Q and East Thames have completed their mega-merger, alongside a £2.6bn refinancing deal with seven banks.
Peabody and Family Mosaic’s merger plans were driven by a joint commitment to providing low-cost rental units, the designate chief executive of the new organisation has said.
Legal and General has raised a further £170m from institutions for its build-to-rent fund, taking its total investment in this field to around £1bn.
A UK-based digital-only bank has become the latest mortgage lender to enter the shared ownership market.
L&Q is planning a return to the supported accommodation sector with a new subsidiary called L&Q Living, which will manage more than 6,600 homes.
As the long-awaited merger of L&Q and East Thames completes, Nick Johnstone sits down with the leaders of the newly expanded association to talk about the future
Investment of almost £13bn in 18 housing projects and programmes has been listed in the government’s £500bn infrastructure pipeline.
Housing association Stonewater has retained its A1 rating from credit ratings agency Moody’s.
Growing demand in the private rented sector has driven a 64% leap in pre-tax profit for residential landlord Grainger.
The government has announced a loan of £45m from its new Home Building Fund will go towards more than 2,000 private rental homes in Leeds, Birmingham and Manchester.
Affinity Sutton and Circle Housing Group have completed their long-awaited ‘mega-merger’, joining forces to become Clarion Housing Group, the UK’s largest housing association and one of its biggest house builders.
One of the UK’s largest social landlords has had its credit outlook moved to negative, due to increasing levels of open market sale.
L&Q and Affinity Sutton are both facing ratings downgrades as a result of their respective mergers with East Thames and Circle Housing Group.
The government’s £4.7bn Affordable Homes Programme could equally fund affordable housing, Rent to Buy and homeownership products, the chair of the Homes and Communities Agency revealed today.
Places for People Group has launched its third retail bond, which pays a fixed rate interest of 4.25% a year and is due to mature in 2023.
A flagship £100m Local Government Association scheme, designed to give smaller local authorities the opportunity to borrow collectively to build housing, has been wound down.
Greg Campbell offers the ‘lucky 13’ questions to help you plot a successful merger
Communities secretary Sajid Javid has revealed he is heading up a Whitehall housing taskforce, as he issued a stark warning to big builders that they must improve build-out rates.
Cambridgeshire and Peterborough have given the go-ahead to a devolution deal that will include a £170m affordable housing fund.
The £1.4bn of affordable homes cash is additional to the £4.7bn previously announced, with the restrictions limiting that funding to homeownership products lifted.
The housing industry has called on the government to reinstate the Affordable Housing Guarantee scheme in today’s Autumn Statement, after it was scrapped by former chancellor George Osborne last November.
The government will invest £1.4bn to deliver 40,000 new homes and relax restrictions on affordable housing funding, as part of the Autumn Statement today.
An Essex-based housing association has had its credit rating upheld by an agency, despite several recent downgrades.
A government guarantees programme for the private rented sector has issued its long-awaited £265m bond, with a coupon of 1.75%.
Civitas Social Housing Real Estate Investment Trust (REIT) has announced that it has raised £100m more than its planned fundraising of £250m, as it prepares to float on the London Stock Exchange on Friday.
Profits grew 10 times faster than housing completions among the top five house builders between 2010 and 2015, a new report has found.
Two large Southern housing associations have completed their merger to create a new 55,000-home landlord.
The long-awaited private rented sector (PRS) government-guaranteed bond is currently being roadshowed to investors ahead of a launch next week.
Sector experts are divided on the potential financial benefits of the inclusion of some housing associations in the Bank of England’s £10bn corporate bond-buying programme.
A West Midlands housing association has agreed a staggered sale of £35m of bonds to an institutional investor.
One of the largest housing associations in Northern Ireland has had its credit rating lowered to A from A+ by an agency.
A London housing association has raised £250m after completing a 12-year unsecured bond deal today.
A supported housing provider previously warned by the regulator it may no longer have a future as an independent business will merge with another landlord by the end of this month.
Birmingham City Council has signed a £55m deal with Hong Kong and Chinese investors to build new flats on a brownfield site in the city.
Sector figures have responded with caution to the launch of the UK’s first social housing REIT, expressing concerns that its sale-and-leaseback style strategy could tie associations into onerous long-term obligations to a listed company.
The government has launched a £20m fund to increase accommodation for victims of domestic violence.
Aberdeen City Council has issued a £370m bond to fund its capital and infrastructure programme.
The Welsh Government will provide funding for councils to kick-start the building of 500 homes by 2021, as part of its 20,000 affordable homes target.
The former chief executive of Homes for Haringey is today making an unprecedented £250m bid to list the first ever Real Estate Investment Trust (REIT) targeted at the social housing sector.
Two Scottish housing associations have entered merger talks.
Aberdeen City Council is looking to become the first Scottish local authority to issue a bond as it seeks funds for its £1bn capital programme.
The second-largest lender to the Scottish social housing sector will scrap its dedicated team north of the border and merge its functions with its operation based in England.
Considering all options and involving tenants is the key to successful mergers, says Karen Mayhew
Affordable Housing Finance has raised £124.5m at an interest rate below 2%, after a foreign central bank bought up its bonds.
A housing association paid close to £50m last financial year to terminate and restructure a number of swaps and reduce its exposure to market volatility.
The largest listed private landlord in the UK has told investors to expect profit of more than £50m for the year after strong growth despite stamp duty changes and the EU referendum.
Aberdeen City Council has become the first local authority in Scotland to be assigned a credit rating as it seeks funding to build 3,000 homes over 15 years.
The government’s focus over the past year on homeownership is “destructive” for the long-term supply of housing, the chair of a Labour-commissioned review has said.
A Japanese bank has signed a new 10-year loan for £75m with a home counties social landlord.
A South West-based housing association has had its credit rating lowered ahead of a major merger due to “revenue pressure stemming from rent cuts”.
A major London housing association has had its credit rating downgraded due to its increasing exposure to sales and rising debt.
East Thames will fully amalgamate into L&Q by March 2019, following the completion of the merger between the two organisations in December.
Affinity Sutton and Circle have received conditional approval from the Homes and Communities Agency (HCA) for their 128,000-home ‘mega-merger’.
The long-term value of social housing properties has slipped significantly across most of the country as a result of the rent cut.
Social landlords wishing to merge must share a vision as well as a desire to increase capacity, says Steve Douglas
The National Housing Federation (NHF) is continuing to push for housing associations to be included in a Bank of England (BoE) bond-buying scheme, despite their exclusion from the initial list.
North-east based landlord Thirteen Group is to consult tenants about conflating its group structure.
A total of 6,000 Help to Buy properties will be included in the Welsh Government’s 20,000 affordable homes target over the next parliament.
Peabody has boosted its annual surplus by £50m to £116m for the year, as it built 1,080 new homes across London.