Peabody has completed its merger with Family Mosaic
Peabody is now one of the largest social landlords in the South East.
Peabody and Family Mosaic have now merged and Family Mosaic tenants and leaseholders have become Peabody residents. There are no changes to any of their tenancies or lease agreements and all rights and responsibilities remain the same.
The merger means that Peabody is now one of the largest social landlords in London and the South East with 111,000 residents and around 8,000 care and support customers.
Peabody owns and manages 55,000 homes in London and the South-East and has committed to using its size to provide more locally focused and responsive services. This is the first time Peabody has taken on housing management services in Essex, where it will be the landlord for around 1,500 homes across Colchester, Basildon, Braintree and surrounding areas.
Brendan Sarsfield, Peabody Chief Executive said: "Our full merger will allow us to provide more and better services than ever before. Our priorities and principles remain the same: We will put the most vulnerable people first, offering support in any way we can to help people prosper.
"We will also build more than 2,500 desperately needed new homes each year, focusing on creating great places at scale. We’ll continue to fund our community foundation, investing over £90m over the next ten years, and will ensure locally responsive and effective services in all areas that we work. Our merger makes all of this possible and we look forward to doing even more in the years to come."
Happy birthday to us!
The expansion of Peabody comes in the same week we marked our 156th birthday. On 26th March 1862 The Times reported that the American philanthropist George Peabody intended to create the Peabody Trust to "ameliorate the condition of the poor and needy" by providing low-cost housing in London.
The first homes were completed at Spitalfields in East London 2 years later, and the Trust now has over 55,000 properties. George Peabody pioneered social housing as we know it today and remains one of the world’s most prolific philanthropists.