Greater Lincolnshire landlord plans move to next stage
Two of Lincolnshire’s leading housing providers – Shoreline and Boston Mayflower - have agreed to proceed in principle with merger plans that will create a 12,700 home landlord.
Following a three month independently-supported evaluation, the Boards of both organisations have agreed to continue with plans to bring the two organisations together.
In coming weeks, consultation will commence with tenants and employees of both housing providers as well as key stakeholders, local authorities and the wider community. Lenders will be involved as the plan further develops.
The Boards of both providers will take a final decision in the summer. If finally agreed the new partnership could be launched in October 2017.
Shoreline chief executive Tony Bramley said: “This is a real opportunity for us to create a new equal partnership, combining services and enhancing efficiencies.
“While we are both robust organisations, we believe that during these challenging times, we will be stronger together collectively protecting and enhancing our services for the benefits of our tenants and the local communities we serve.
Chief executive of Boston Mayflower Murray Macdonald added: “Remaining locally based, we will be strongly placed to meet housing needs, provide new homes and deliver better services throughout Lincolnshire.”
Shoreline own and manage 7,900 former council homes across North East Lincolnshire while Boston Mayflower own over 4,800 homes across the borough of Boston and south Lincolnshire.
Both housing providers are registered charities and community based, non-profit organisations that channel any surpluses back into services and projects that benefit tenants.
We will continue to keep you informed as our discussions progress but you can find out more here.