Optivo and Southern Housing Group have at the moment formally merged to type Southern Housing. Authorized completion was achieved this morning following formal registration with the Monetary Conduct Authority.
Plans to merge the 2 not-for-profit housing associations have been first introduced in March 2022. Over the next months each organisations engaged extensively with residents, colleagues and exterior companions. This included an intensive six-week formal resident session over June and July. Over two-thousand residents responded, with a transparent majority expressing assist for the merger. Having thought of resident suggestions alongside monetary due diligence, each boards agreed to proceed with the merger, which is now legally full having achieved the related consents.
Southern Housing will personal round 77,000 houses and serve 167,000 residents throughout London, the South East, the Midlands and the Isle of Wight. Sir Peter Dixon – till now chair of Optivo’s board – turns into the Chair for the brand new organisation, whereas Janet Collier – now former chair of Southern Housing Group’s audit and threat committee – turns into the Vice-Chair. Paul Hackett CBE takes on the position of Chief Govt.