Optivo launches after AmicusHorizon and Viridian amalgamate to form new partnership to build 1,500 homes every year from 2021
AmicusHorizon and Viridian have amalgamated to form a new organisation called Optivo.Optivo will be amongst the largest housing associations in the UK and will have the capacity to build 1,500 homes every year from 2021.
The organisation will provide over 44,000 homes for 90,000 people in London, the Midlands, and South East England, and will have an annual turnover of £306 million.
Optivo will invest £3.5 billion in new homes over the next ten years and will raise £1.5 billion new finance to support its growth programme – putting the business in a powerful position to tackle the housing crisis.
Paul Hackett, Chief Executive of Optivo, said:
“Today marks the beginning of Optivo and the start of an exciting new journey.
We’re now ‘one team’ and will be able to build more new homes than we could have done as separate organisations.
Optivo will respond positively to the challenges of the housing crisis while looking to deliver sector-leading services. We look forward to working with our partners to meet housing need and creating safe, sustainable communities for our residents.
Residents will remain at the heart of everything we do – this will set us apart and drive success, and is why other organisations will want to work together with us.”
Nick Apetroaie, Deputy Chief Executive of Optivo, said:
“At Optivo we want to meet housing need at all levels, from low income households to aspiring professionals.
But we’re also passionate about increasing people’s life opportunities and showing we care about their futures. We’ll do all we can to help them flourish by providing access to education and employment support, along with supporting their health and wellbeing.”