Catalyst and Aldwyck – an announcement
Catalyst and Aldwyck Housing Group have entered formal merger talks. A merger would create a housing provider with over 30,000 homes across London and the Home Counties. Bringing together the two organisations is expected to deliver a shared vision of exceptional customer service and increased development opportunities.
Ian McDermott, currently Aldwyck Group Chief Executive, was announced as the new Catalyst Chief Executive in July and takes up his role in January 2019, taking over from Rod Cahill.
Speaking about the merger plans, Richard Brown, Chair of Catalyst Housing, said: ‘At Catalyst we are very excited about the potential of the proposed union with Aldwyck. It will increase the supply of much-needed homes in London and the Home Counties with our combined intention of building at least 1,300 homes each year. Beyond the geographical synergies, a unified Catalyst and Aldwyck would be in a strong position to build on existing shared core strengths in development, regeneration and place-making, and by pooling our experiences and resources make faster progress in our journey to provide really excellent service to our residents. Most encouragingly, Aldwyck share our values and our deep social purpose to provide homes for those who need them most.’
Pat Billingham, Aldwyck Group Chair, said: ‘We believe that the proposed merger with Catalyst will enable us to accelerate the delivery of more much needed new homes in the communities we serve. Our organisations share common aims, values and cultures and by joining forces we can create an enhanced offer for our customers as well as increased career development opportunities for colleagues.’
It is expected Aldwyck will join Catalyst as a subsidiary early in the new financial year, followed by a Transfer of Engagements as soon as practicable.