Sanctuary and Southern Housing Group have abandoned merger plans that would have seen the UK’s largest housing association.
In February, the pair unveiled plans to create a 130,000-home business with a combined turnover of £1bn.
In a joint statement the pair said: “Whilst the discussions about the partnership have been positive, it was agreed that the combination would not deliver all of the intended benefits within the planned timescale.”
Sanctuary and Southern Housing Group said they will continue discussions for future joint initiatives.
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