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An association merger which will own and manage 32,000 homes has been announced today (1st May).
Associations Catalyst Housing and Aldwyck Housing Group are said to have an aspiration to deliver 1,300 homes by 2022, with Aldwyck becoming a subsidiary of Catalyst.
CEO Ian McDermott joined Catalyst from Aldwyck in January and in February announced the new executive structure.
The new organisation will integrate fully over the coming months and will become a dual-regional organisation spanning London and the south-east.
On the announcement, Chair of Catalyst’s Board, Richard Brown said that he has been “greatly impressed” by the Aldwyck team over the last few months.
He added that beyond geographical synergies and business ambition, clear values are shared between the groups, similarly driven by the same social purpose to provide homes for those that “need them most.”
“This merger means we can use our combined strengths and pool our experience and resources to make faster progress in our goal to provide more homes and excellent service to our residents”, Brown said.
Pat Billingham, Vice Chair and former Chair of Aldwyck Housing Group, added: “We are delighted that Aldwyck has today become part of the Catalyst group.
“At a time when the housing crisis is almost daily headline news, our combined strength and expertise will enable us to fulfil our shared ambition to provide more homes to meet the housing need in our newly enlarged geographical area.
“We have ambitious plans which we believe will benefit our customers and our staff. My thanks to all our colleagues who have worked so hard to complete our merger in accordance with our ambitious timetable.”
