Stonewater launched on New Year鈥檚 Eve
A major new housing association with 拢1.6bn in assets, Stonewater, launched on New Year鈥檚 Eve.
The organisation, formed by the merger of English housing associations Jephson and Raglan, has around 拢160m in turnover and manages around 31,000 homes.
The Homes and Communities Agency gave the go ahead for the merger in September.
George Blunden, chair of Stonewater鈥檚 board said: 鈥淓veryone has worked incredibly hard to establish the new organisation and we鈥檙e now focused on working towards our goal - which is for everyone to have the opportunity to have a place they can call home, particularly those who may be disadvantaged or vulnerable and whose needs are not met by the open market.
鈥淲ith the ever-growing need for affordable housing, Stonewater will deliver meaningful benefits for residents, employees, the business and our partners. I鈥檓 delighted and proud that one of our first achievements will be leading one of the UK鈥檚 largest development programmes which will provide more than 7,000 new affordable homes over the next ten years.鈥�
Bob Strachan, Stonewater chief executive, said: 鈥淲e have a tremendous opportunity ahead of us and will be focusing on continuing to deliver excellent customer service while making a steady transformation in our operations to achieve our ambitious goals.鈥�
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