14 November 2017
The Boards of Waterloo Housing Group and Fortis Living have been in recent discussions regarding future partnership options and consequently have taken a decision on October 31 that they would like to pursue a merger with each other, subject to appropriate consultation and due diligence. Fortis Living is a not-for-profit housing provider based in Worcestershire.
Over the coming weeks we will be sending details about the merger to all of our customers and encouraging them to share their thoughts and views on the proposals. Please look out for the information.
The new business will own and manage around 45,000 homes and have a team of over 1,200 employees. The merger will allow us to do more for the 120,000 people who live in our homes and in the communities in which we work. Our two organisations built around 1,500 rented and shared ownership homes in 2016/17, but by combining our capacity, we can increase that output to 2,000 per annum within 5 years.
At the heart of the new group is a shared commitment to continue to make a real and positive difference to the lives of local customers and the communities they live in. This strong social purpose will inform and influence the development of the new Housing Group as we work to deliver improved local housing and maintenance services.
If work progresses to plan, and subject to due diligence and consultation, the new Housing Group will formally come into being on 1 October 2018.
We will keep you updated as plans progress.