This partnership is one both organisations have actively chosen because it will allow us to pool resources and expertise, whilst doing more for our residents and the people who rely on our services at a time when the sector faces huge challenges.
Coming into the partnership, One Housing is a robust organisation with strong liquidity and assets in some of the most expensive areas in the country. However, with the twin challenges of building safety and achieving zero carbon, on its own it would have some difficult trade-offs to make, with limited resources for building new homes and estate regeneration. It is looking for a partner with financial strength, so that together we can become more efficient and effective, investing even more in delivering better services and building more homes.
We think our geographies are complementary. Though most of One Housing’s homes are in London and the majority of Riverside’s are in the North and Midlands, we both also have a significant proportion of homes in the South East giving us the opportunity to provide more efficient and effective services in this part of the country – especially for repair and maintenance services. The new partnership puts us in a position to be a Group with a national portfolio.