Beacon Cymru Group’s Post

Welsh housing associations Coastal Housing Group and RHA Wales have completed their merger to create Beacon Cymru Group. Stephen Delahunty reports, with comment from chief executive Debbie Green https://lnkd.in/eCMDYvDt #UKhousing #Housing #SocialHousing #HousingAssociations #Merger #Wales

🚀 Barratt-Redrow Merger Gets Green Light 🚀 Exciting news in the housing sector! The £2.5bn merger between homebuilders Barratt and Redrow has finally received approval from the Competition and Markets Authority (CMA). This merger paves the way for substantial savings and innovation in supply chains, projected to save around £90m. Barratt Redrow, the new entity, was formed after the CMA's concerns about local competition in Shropshire and Cheshire were addressed, ensuring the market remains fair for everyone. David Thomas from Barratt and Matthew Pratt from Redrow will steer this new powerhouse. They aim to deliver high-quality, sustainable homes across a range of price points, benefitting from enhanced supply chain visibility and quicker development timelines. This merger marks a significant milestone, promising exciting developments ahead! What do you think about this merger and its impact on the housing market? Let's discuss in the comments! www.alexander-assoc.co.uk robert.fox@alexander-assoc.co.uk 07881247542 #HousingMarket #ConstructionNews #BusinessGrowth

"It’s very difficult to see how a merger like this is going to end up producing more homes" "More choice of homes stimulates more buyer demand. If you’ve got a housebuilder choosing to multiple branding on a site, then that should be positive for accelerating delivery" "The challenge has always been to maintain delivery post-merger. The tendency is that volumes peak immediately after and then drift down" Range of perspectives in this Joey Gardiner piece for Housing Today about recent merger activity in the housebuilding sector. Are the ground-breaking Barratt/Redrow deal and other mergers likely to help or hinder the government’s chances of hitting its sky-high 1.5m housebuilding target? Barratt Developments plc Crest Nicholson plc #ukhousing #housing Paul Smith James Pargeter Jan Crosby Savills Alastair Stewart https://lnkd.in/eraVyn_i

Exciting News: Merger Talks Underway to Create the Northwest Jewish Housing Association Liverpool Jewish Housing Association (LJHA) and Manchester Jewish Housing Association (MJHA) are proposing a merger to create the Northwest Jewish Housing Association (NWJHA). This partnership will combine resources, expertise, and shared values to better meet the housing needs of the North-West Jewish Community while adapting to regulatory challenges. Read more here: https://lnkd.in/d2Q3zMTV

Wrekin Housing Group and Housing Plus complete merger: Enlarged 33,000-home provider plans to invest extra £55m into existing homes #ukhousing #housing

Can a housing giant deliver a truly local service? That's Peabody's ambition. Great to catch up with Ian McDermott (he/him) (he/him) to talk about progress bedding in their big merger, housing management and how the sector can build more homes. Really interesting conversation: Mr McDermott is almost looking to reimagine the operating model for large associations, creating 140 local neighbourhoods. We talked about the main aims for the merger, bedding in a merger and new operating model in tough external conditions. And also talked about how the insurance market might impact development, what he would like to see from the government's forthcoming long-term strategy for housing, and how the voice of the unhoused is missing in debates about the sector's future. #UKHousing #PlanforHousing #BuildSocial #HousingHires The G15 Peabody https://lnkd.in/ekrsTMjT

£2.5bn Barratt Redrow merger completes! Follow Sourced Recruitment Group for the latest updates and Jobs in the Northwest Residential Sector! The Competition and Markets Authority has approved Barratt’s acquisition of the Flintshire-based housebuilder. The £2.5bn merger means Redrow shareholders now hold approximately 32.8% of the combined group and Barratt shareholders have approximately 67.2%. The housebuilders estimate the deal, first announced in February, could result in savings of £90m a year. Now Barratt’s acquisition of Redrow has completed, the company boasts a pipeline of almost 100,000 homes across the UK. Due to the size of the deal, the CMA launched a review to explore whether it would result in a monopoly in the housing market. The CMA raised concerns about an 11-mile radius around Whitchurch in Shropshire, which includes Nantwich over the border in Cheshire, where the two companies have significant land holdings. The CMA was concerned that this could lead to “higher prices and lower quality homes for homebuyers” in the area. However, Barratt Redrow was able to address the CMA’s concerns, allowing the deal to complete. David Thomas, chief executive of Barratt said: “Today is a significant milestone for Barratt Redrow, as we come together as one organisation. “With this combination, we have created an exceptional housebuilder in terms of quality, service and sustainability, able to accelerate the delivery of the homes this country needs. Together, we offer a broader range of homes and price points for our customers who we will continue to put at the heart of everything we do.” He added: “Our focus now is on integrating our businesses as efficiently and effectively as we can to deliver the expected benefits of the combination. We will leverage the best of both companies to deliver significant benefits to our people, our customers and our supply chain partners, and ensuring that Barratt Redrow is set up to deliver long term value to all of its stakeholders.” Barratt Redrow’s share price was 482p at the time of writing. Share prices were down across the board at other listed housebuilders. Credit - Place Northwest #newbuildhomes #residentialdeveloments #sourcedrecruitmentgroup https://lnkd.in/ds_WNSCa

🚀 Barratt and Redrow: A New Era in UK Housing 🏠 Big news in the UK housing market today! Barratt Developments and Redrow have officially completed their £2.5 billion merger, creating a powerhouse: Barratt Redrow. This merger marks the beginning of an exciting new chapter for these industry leaders. David Thomas, CEO of the newly formed entity, highlighted the merger as a "significant milestone". Barratt Redrow now has the power to deliver 23,000 homes annually, addressing the UK's pressing housing shortage with a diverse range of homes at different price points. This move is set to generate over £7 billion in revenue, making a substantial impact on the market. To ensure fair competition, the CMA required specific actions, particularly around developments in Whitchurch and Nantwich. Both companies worked closely with regulators, appointing Savills as an independent agent to oversee the sale of unsold properties, ensuring market fairness. The integration process, spanning 18 months, will streamline operations and aim for £90 million in annual savings. Though there will be a reduction of around 10% of jobs, Barratt Redrow is committed to assisting employees through this transition. This merger signifies a pivotal moment for both companies and the UK housing sector. Trading under the name Barratt Redrow, the new company is ready to make its mark. #Housing #UKHousingMarket #BarrattRedrow

🚀 Barratt and Redrow: A New Era in UK Housing 🏠 Big news in the UK housing market today! Barratt Developments and Redrow have officially completed their £2.5 billion merger, creating a powerhouse: Barratt Redrow. This merger marks the beginning of an exciting new chapter for these industry leaders. David Thomas, CEO of the newly formed entity, highlighted the merger as a "significant milestone". Barratt Redrow now has the power to deliver 23,000 homes annually, addressing the UK's pressing housing shortage with a diverse range of homes at different price points. This move is set to generate over £7 billion in revenue, making a substantial impact on the market. To ensure fair competition, the CMA required specific actions, particularly around developments in Whitchurch and Nantwich. Both companies worked closely with regulators, appointing Savills as an independent agent to oversee the sale of unsold properties, ensuring market fairness. The integration process, spanning 18 months, will streamline operations and aim for £90 million in annual savings. Though there will be a reduction of around 10% of jobs, Barratt Redrow is committed to assisting employees through this transition. This merger signifies a pivotal moment for both companies and the UK housing sector. Trading under the name Barratt Redrow, the new company is ready to make its mark. #Housing #UKHousingMarket #BarrattRedrow

Rasmala Expands UK Real Estate Portfolio Through Strategic Acquisitions Read More: https://lnkd.in/gPSBquiV Anushree Dixit | Jeevan Thankappan | Sehrish | kumari Ambika | Tushar S. | Ronak Samantaray #RealEstateInvestment #LongIncomeAssets #UKPropertyMarket #GlobalInvestments #RasmalaInvestments