The Boards of A2 Housing Group and Dominion Housing Group have formally agreed to enter into exclusive talks regarding the merger of the two organisations.
This follows an acknowledgement from both organisations that to remain sustainable, longer term players within the housing sector, a larger organisation with a greater regional presence would be required to meet the new demands of the changing housing market.
Collectively, A2 and Dominion have a stock of over 32,000 homes across
Darrell Mercer, chief executive at Dominion said: “The groups have similar aims and values and the spread of properties is complementary allowing the creation of an innovative and efficient new organisation.
“Both A2 and Dominion have already demonstrated considerable successes throughout the last few years, and we are looking forward to exploring the benefits that a merger would bring.”
John Knevett, chief executive at A2 added: “Following initial discussions, it is clear that both organisations share a similar vision as to the future.
“In particular, both A2 and Dominion are service driven whilst being commercially minded and see any new organisation moving towards self sustainability through the expansion of its commercial activities.”
Talks continue.
