LONDON, UK: Origin Housing and Places for People, two of the UK’s leading housing providers, have announced that they have entered merger discussions. The intention is that, subject to all relevant approvals, Origin will become a subsidiary of Places for People Group Limited.
Origin Housing owns and manages over 7,000 homes across London and Hertfordshire, while Places for People owns and manages over 120,000 homes across the UK. The combined company would have a portfolio of over 130,000 homes, making it one of the largest housing providers in the UK.
Analysts believe the merger would allow them to create a more efficient and effective scale of operation, and to invest more in new homes and services for their customers.
The merger is still in the early stages of discussion, and it is not yet clear when it is likely to be completed. However, both Origin Housing and Places for People say that they are committed to working together to create a new organisation that will provide high-quality housing and services for its customers.
The merger would be a significant development in the UK housing sector, and it is likely to be closely watched by other providers and stakeholders.