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Housing association merger latest to fall through

30 August 2016

Genesis and Thames Valley Housing have agreed that their planned merger will not go ahead and the announcement follows two other recent failed housing association mergers.

The Thames Valley Housing/Genesis deal was cancelled when it emerged the two associations had differences in style and approach, according to Development Finance Today.

Despite the failed outcome, both stated that a positive spirit had continued through the negotiation phase.

Genesis chief executive officer Neil Hadden said: "It is obviously disappointing that we were not able to complete the merger, but we are now very much looking forward to delivering on our corporate strategy and looking at other possible opportunities in the near future."

He announced plans to leverage its G15 housing association status and "get new homes onto the market across different tenures as quickly as we can".

Thames Valley Housing's Geeta Nanda stated that both associations shared a common digital agenda and aims for delivering "first class customer service" and said the company would continue to "push the envelope on this".

"We have the capacity to continue to provide housing across all tenures and deliver new homes through this housing crisis as creatively as possible.

"Ultimately we feel we will be better able to serve our residents and communities as two separate entities."

Another proposed merger between London & Quadrant Housing Trust, East Thames Group and The Hyde Group was cancelled earlier this month.

Prior to this, discussions between Housing & Care 21 and Sanctuary Housing Group were discontinued in July.

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