Peabody and family mosaic banner

Our new larger organisation – called Peabody – is truly distinctive, built on shared values, capabilities and experience.

We have now completed our merger with Family Mosaic, which was previously announced on 7 December 2016. This follows consultation, approvals, consents and successful negotiations with lenders.

The new Group, called Peabody, will provide 55,000 homes to 111,000 residents across London and the South East. It will also have 8,000 care and support customers. The combined entity will have an annual turnover of £0.7bn and total balance sheet assets of £6.0bn (read the Stock Exchange statement here).

Brendan Sarsfield is the Chief Executive of the new Group, Lord Kerslake is the Chair and Ian Peters is Vice Chair.

Stephen Howlett, former Chief Executive of Peabody, has retired after 13 years in his role and 42 years in housing.