The Boards of Radian Group Limited and A2Dominion Housing Group Limited are today announcing the start of formal discussions to form a partnership.
Between them the two Groups own and manage 57,000 homes in London and the South of England.
The partnership is intending to explore options that will:
There is a strong geographic fit between the two Groups alongside common aspirations to improve customer experience and increase the number of new homes built in London and the South of England.
Financial viability, performance, people capability and governance of both businesses is strong, providing a great platform on which to build a partnership and deliver improvements for customers and the local communities where both groups work.
In the coming months, further work will be undertaken to develop the detailed proposals for the partnership. Residents will play a key role in this process including a consultation exercise envisaged in the Spring/Summer of 2018.
If you have any queries in the meantime, please contact us: 0300 123 1 567.
Work will start shortly to develop the detailed proposals for the partnership. Lenders and investors are key partners for both Groups and will be an important part of that process.
We will make further contact with lenders and investors in the New Year and both Groups look forward to continuing these positive relationships in future years.
If you have any queries in the meantime, please contact Anne Costain, Executive Director (Finance), Radian Group Limited Communications@radian.co.uk.