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A2Dominion and Radian announce partnership talks

14-Nov-2017

The Boards of Radian Group Limited and A2Dominion Housing Group Limited are today announcing the start of formal discussions to form a partnership. Between them the two Groups own and manage 57,000 homes in London and the South of England.

The partnership is intending to explore options that will:

  • Deliver long-term benefits for the residents and local communities served by the two Groups.
  • Provide homes, services and support for people at all stages of their lives.
  • Build more by working in partnership than both Groups can do alone.
  • Transform customer experience by developing well regarded digital services for customers alongside a continued strong focus on local services.

There is a strong geographic fit between the two Groups alongside common aspirations to improve customer experience and increase the number of new homes built in London and the South of England.

Financial viability, performance, people capability and governance of both businesses is strong, providing a great platform on which to build a partnership and deliver improvements for customers and the local communities where both groups work.

Additional information for residents

In the coming months, further work will be undertaken to develop the detailed proposals for the partnership. Residents will play a key role in this process including a consultation exercise envisaged in the Spring/Summer of 2018.

If you have any queries in the meantime, please contact us: 0800 432 0077 or customer.services@a2dominion.co.uk.

Additional information for lenders and investors

Work will start shortly to develop the detailed proposals for the partnership. Lenders and investors are key partners for both Groups and will be an important part of that process.

We will make further contact with lenders and investors in the New Year and both Groups look forward to continuing these positive relationships in future years.

If you have any queries in the meantime, please contact us: investors@a2dominion.co.uk.

[Ends]


Note to Editors:

A2Dominion is a residential property group with almost 37,000 homes across London and southern England, and thousands more in the development pipeline.

The Group provides affordable, private and social rented homes, student, NHS and temporary accommodation, as well as supported housing and homes for older people.

It also offers high-quality sustainable homes for sale and shared ownership, available through its FABRICA by A2Dominion brand.

Whilst the Group takes a commercial approach to housebuilding, all of its profits are used for a social purpose, with millions of pounds reinvested into delivering more new homes and better services for customers.

A2Dominion employs around 1,000 staff and has a turnover of £372m. It is also a member of the g15, a group of the largest housing providers in London.

Visit www.a2dominion.co.uk.

The Eastleigh-based Radian Group is an award-winning organisation, providing more than 20,000 affordable homes in Berkshire, Buckinghamshire, Dorset, Hampshire, Isle of Wight, Surrey, Sussex and Wiltshire.

With a turnover of over £137m, it employs more than 800 staff and is one of the largest registered providers in the south of England. Radian is committed to helping tackle the housing crisis by working to deliver even more high-quality homes, of all tenures, for more people.

Radian also continues to work with a growing range of local authority partners to help them meet their strategic objectives and to increase the delivery of services to customers and partners across the south.

Visit www.radian.co.uk

Media Enquiries:

Caroline Abomeli
t: 020 8825 1974
m: 07990 643 924
caroline.abomeli@a2dominion.co.uk

Carlene Leonard
m: 07780 671 754
t: 023 8062 8246
carlene.leonard@radian.co.uk

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This page was printed from A2Dominion Web site at http://www.a2dominion.co.uk/