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North West housing associations to merge creating new 33,000-home group

03 July 2017

Two northern-based housing associations, New Charter Group and Adactus Housing Group are set to merge creating a new organisation with 33,000 homes.

After Boards approved the full business case, both companies will combine their strengths and form a new, much larger organisation operating across the North West and East Midlands.

Subject to obtaining further approvals, the merger is planned to take place later this year. The announcement of a new company name will follow.

As well as a portfolio of 20,000 homes in Greater Manchester and Nottingham, New Charter Group owns a profitable building company and a homelessness charity. It is also sponsor of the Great Academies Education Trust and has developed a partnership with a local newspaper and radio station.

The Adactus Housing Group owns and manages more than 13,000 homes across 21 local authority areas in the North West of England, including housing PFI in Miles Platting in Manchester.  The Group is 9th in The Sunday Times Top 100 ‘Best Not For Profit Organisations to Work For’ 2017.

The merger brings new opportunities to have greater influence in the sector and locally as part of devolution in Greater Manchester.

It also promises more affordable homes for the region, better opportunities for tenants, greater innovation and increased efficiency.

There will be no immediate change to day-to-day landlord services for tenants although the merger aims to improve lives and communities.

Adactus’ current Chief Executive Hilary Roberts will lead the new organisation with New Charter’s Chief Executive Ian Munro remaining in the business for a period of time to help ensure a smooth transition.

New Charter’s current Chair, Fay Selvan, has been confirmed as the new Group Chair and Jane Clayton, the current Adactus Chair, as Vice Chair.

Adactus Housing Group’s Hilary Roberts said: “Both our housing groups have a proud history and the merger is a chance for us to capture what we do best in a new and exciting partnership that is better placed to deal with challenge and opportunity.”

New Charter Chief Executive, Ian Munro added: “Together we believe that we can do more to address the housing crisis with new affordable homes for people to rent or buy and we hope to work with our new Greater Manchester Mayor to make sure services in our regions meet the diverse needs of local people.

“Formally, we have a few steps to go through before everything is finalised but we’re looking forward to starting a new journey together as one organisation.”