Town and Country Housing has today joined Peabody. The move enables Town and Country to build 800 quality new homes every year, which is 500 more than the Kent based housing association would have alone.
The move was originally announced in November 2018, and follows a period of extensive consultations with residents and stakeholders. It achieved the relevant consents this week. Town and Country Housing will retain its name and operate as a subsidiary. Town and Country Housing CEO Bob Heapy joins Peabody’s Executive Team, and Chair, Francis Salway joins the Peabody Board.
In a joint statement, Lord Kerslake, Chair of Peabody, and Francis Salway, Chair of Town & Country Housing, said:
This move combines the strength of two organisations to deliver more much needed affordable homes in the South East. Becoming part of the Peabody family, while remaining as a separate subsidiary, will help strengthen Town and Country’s offer in the South East, ensuring Peabody remains focused on its heartland in London.