Statement about the merger
A joint statement about the merger from Lord Kerslake, Chair of Peabody, and Ian Peters, Chair of Family Mosaic.
In a joint statement about the merger, Lord Kerslake, Chair of Peabody, and Ian Peters, Chair of Family Mosaic, said:
"The new group would build on the track record, capabilities and shared values of Peabody and Family Mosaic to create a truly distinctive organisation. Our combined scale and London focus would enable us to do more together than we could achieve alone. We would:
- deliver services tailored to the needs of local residents, investing in local communities beyond our homes;
- provide care and support services in London and the South East, to enable more residents to live independently for longer;
- make a significant contribution to addressing London’s housing crisis through effective placemaking, including the regeneration of Thamesmead, London’s new town;
- build many more well-designed homes and maintain our commitment to providing low cost housing that is genuinely affordable for those on lower pay;
- listen to our 111,000 residents and partners and use this insight to help shape our services and to provide an influential voice on key issues."
With a combined turnover of £618m, we would continue to invest in our 55,000 homes, so that they meet the needs and demands of 21st century families now and for generations to come."