In November last year, at the ARMA conference, I listened to two people from different housing associations present to a room full of private residential managing agents. Their goal, as I saw it, was to let the agents know their organisations were here to stay and they all needed to find a way to work together. If the proposed merger between L&Q, The Hyde Group and East Thames becomes a reality it will create an entity of such a size you won't be able to ignore them. Managing agents from all sectors need to start working together for the benefit of their clients, their leaseholders, their developments and let's face it, their sanity.
If you want to make a difference, come along to the Brethertons Property Management Unwrapped conference in June where we will be hosting a round table discussion for private managing agents and housing associations. Everyone will be encouraged to voice their frustrations and learn from each other in an effort to better understand their businesses.
Together, the three organisations say that they can invest £25bn and build 100,000 new homes across London and the South East in the next ten years: 35,000 more homes and £9bn more investment than they could have committed alone.Half of the 100,000 new homes will be for people on lower incomes, making the new organisation the largest provider of affordable homes in the country. In total, 25,000 affordable new homes will be set aside for first time buyers and 25,000 new homes will be for affordable rent, with the remaining 50,000 new homes for market rent and sale.The new organisation will also be responsible for managing 135,000 homes.