Learn more about our founder George Peabody and how he shaped our pioneering history
Read about our mission, goals, constitution, community regeneration work, housing stock and subsidiaries.
We were founded in 1862 by the American banker, diplomat and philanthropist George Peabody, who wanted to "ameliorate the condition of the poor and needy in this great metropolis".
Our mission is as vibrant today as it was in 1862. We want to make London a city of opportunity for all by ensuring as many people as possible have:
We have had several significant constitutional changes in our history. These include the grant of a Royal Charter in 1900, which was later replaced by incorporation under the Peabody Donation Fund Act 1948 – the only registered provider of social housing to be established under statute in this way.How our residents get involved
We are accountable to our residents, our regulator (the Homes and Communities Agency) and the Charity Commission. Our board includes two resident members, and our Resident Scrutiny Panel monitors services across Peabody.Who is on the Peabody Board
Our four key aims are to:
Now, over 150 years after we were first established, we own and manage more than 27,000 homes across the capital (we only operate in London), with more than 80,000 residents. Our tenures include social housing, leasehold, shared ownership, supported housing, key-worker accommodation and commercial units. We also provide homes for market rent and outright sale to support the funding of affordable homes.Peabody's housing options
This housing stock includes properties managed by our subsidiary company CBHA, which came on board in 1996, as well as property previously owned by the Crown Estate which joined our portfolio in 2011. Gallions Housing joined the Peabody Group in January 2014, while PGM, a repairs and maintenance service came on board in October 2013. Trust Thamesmead became part of the group in April 2014, alongside Tilfen Land.Find out about our homes in development
We are funded by reserves and debt in the form of long-term bank loans and capital market bond finance.
In 2011 we issued a £200m capital market bond to develop new housing, regenerate existing estates and provide more services. Peabody’s group structure is designed so we can operate with maximum efficiency. We own several trading subsidiaries, including Peabody Capital, which is used to raise finance.
As well as being a housing provider, we also offer community programmes for our residents and other Londoners.Learn about our community programmes