Three of London’s largest housing associations begin merger talks

Three of the largest housing associations in London have begun merger talks, a sources has been able to reveal.

L&Q, The Hyde Group and East Thames have entered into merger talks with plans to create one of the UK’s top four largest house builders.

The move would result in the organisation being capable of building 100,000 new homes across London and the South East over the next 10 years.

The deal would represent an investment of £25 billion and allows each HA to build 35,000 more units than they could have achieved alone.

The organisation would also become the largest provider of ‘affordable’ homes in the country, with half of the future 100,000 stock being set aside for residents on lower incomes.

The new-build programme is targeting 25,000 ‘affordable’ homes for first time buyers and 25,000 new homes for ‘affordable’ rent, with the remaining 50,000 new homes for market rent and sale.

Without a doubt, this merger will pose some problems for the respective organizations’ HR departments. Time & Attendance UK has an extensive experience in implementing extensive time and attendance systems for a wide variety of companies actively involved in different sectors, including here the housing associations’ sector.

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