Great Places Housing Group Limited and MSV Housing Group Limited have regretfully ended discussions to join together in a merger by Transfer of Engagements.
The operating environment has thrown up many unanticipated challenges since both organisations began talks. As a result, the boards of both companies have reflected on the business case for merger and have decided that it is no longer the right course of action.
Both Great Places and MSV will continue to work collaboratively on projects like Hive Homes and as partners within the Greater Manchester Housing Partnership. They are both well placed to continue to serve their customers and communities, invest in existing and new homes, and work together as long-standing partners as they look to the future.
Matt Harrison will remain as Chief Executive of Great Places.
Great Places and MSV are two of the largest social housing providers in the North West of England. They have a combined stock of over 30,000 homes and serve over 60,000 customers.
The merger talks began in early 2023 and were expected to be completed by the end of the year. However, the operating environment has become increasingly challenging in recent months, with rising inflation and interest rates putting pressure on the housing market.
The decision to end the merger talks is a setback for both organisations, but it is a reflection of the current economic reality. Both Great Places and MSV remain committed to serving their customers and communities, and they will continue to work together as partners in the future.
Lincolnshire Housing Partnership and Ongo Homes explore business combination
Leave a Reply