Peabody/Family Mosaic merger

Overview:

• Peabody and Family Mosaic have undertaken a £6 billion merger.
• The portfolio of the merged company, to be called Peabody, will include 55,000 homes and 111,000 residents in London and south east England.
• Both companies are not for profit UK housing associations.
• The move has been driven in part due to recent changes in the social housing sector including a 'right-to-buy' scheme and a lowering of tenant rents.
• The deal follows a similar move by L&Q and East Thames.

Katrin Kostadinova - Data analyst