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Scottish housing associations to start partnership talks
Scottish housing associations Hanover (Scotland) and Arklet have agreed to start partnership talks.
Arklet had issued an invitation to housing organisations to put forward a partnership bid after the Scottish Housing Regulator found “serious weaknesses” in its governance and financial management, and appointed board members “as a matter of urgency”. Arklet chose Hanover, which manages more than 5,000 homes, as its preferred potential partner.
Arklet and Hanover will now begin formal negotiations and due diligence, with all partnership options to be considered before an agreement is reached.
Michael Martin, chair of Hanover (Scotland), said: “I am excited at the prospect of Hanover Scotland and Arklet working in partnership and feel there will be positive benefits for residents and staff of both organisations.”
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“We are at the very beginning of this process but discussions to date have shown that the organisations share common aspirations and I am confident that together we can improve and grow.”
“There is a lot of detailed work and due diligence to be done to ensure any partnership that does emerge is robust and sustainable.”
Iain Wallace, chair of Arklet, said: “We are delighted that we have now entered formal discussions with Hanover Scotland regarding a possible partnership which will improve the range and value of services for our tenants. We are particularly grateful to the members of our tenants’ forum who have participated in the selection process and have represented the feelings of their fellow residents in a highly effective and constructive manner.”
“The strategic options review and call for expressions of interest that has got us to this stage has been an invaluable process and we would like to thank everyone who has been involved for their assistance. We now look forward to the discussions with Hanover Scotland and its team to explore what shape a partnership deal might take, and believe this will lead to positive outcomes for our residents.”
