Great Places and Mosscare St Vincent’s (MSV), two housing associations in the North West, have abandoned their plans to merge, which would have created one of the region’s largest housing providers with 33,000 homes.
The decision to halt the merger process was prompted by several unforeseen challenges that arose in the housing sector’s operating environment over the last 18 months. Recognising these challenges, both organisations felt it necessary to take extra time to thoroughly review the recommendations generated during the due diligence process. This led their respective boards to reconsider the business case for the merger, ultimately choosing to maintain their partnership and collaboration as separate entities.
They will continue to collaborate on projects such as Hive Homes and remain partners within the Greater Manchester Housing Partnership
Charlie Norman, initially set to lead the merged entity, will no longer do so, with Matthew Harrison continuing as the CEO of Great Places.
Categories:Mergers & Restructures
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