Bromford Housing Group Ltd Bromford and Severn Vale complete merger on 7/1/19 (5137M)

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RNS Number : 5137M

Bromford Housing Group Ltd

08 January 2019

Bromford and Severn Vale completed their merger on 7(th) January 2019, creating a new 44,000 home organisation.

The merger, which will retain Bromford's name, will allow for a decade-long plan in the delivery of 14,000 new homes across the Midlands and South West, with a planned net investment of more than GBP1.5bn

The merger follows on from Bromford and Merlin joining forces six months ago.

It means Bromford now owns more than 21,000 homes in Gloucestershire and South Gloucestershire.

Speaking on the merger, Bromford CEO Robert Nettleton said: "The combined financial strength of our new organisation gives us a great foundation enabling us to build more new homes, invest more in people and the opportunity to create the best organisation in the area that we operate in.

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January 08, 2019 05:42 ET (10:42 GMT)