Housing associations pull merger talks because of worsening economic picture

By Carl Brown2022-10-05T08:47:00

Source: Shutterstock

Proposals would have created £374m turnover landlord

Three housing associations have ended merger talks to create a £374m-turnover landlord, blaming the recent ‘change in economic circumstances’ for the decision to call off negotiations.

BPHA, Flagship and Futures in April began discussions about coming together to create a 60,000-home housing association operating in the Midlands and East of England. The three believed the move would enable them to provide more homes and improve customer service.

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