Peabody and Family Mosaic complete their £6bn merger
Peabody and Family Mosaic have have completed their £6bn merger. As a result of the merger, the organisation have 111,000 residents in 55,000 homes spread across 29 London boroughs, with over 2,000 homes in Essex, Sussex, Hampshire and Kent.
The new organisation has over 155 years of history, experience and expertise and aim to help people make the most of their lives by providing good quality affordable homes, working with communities and promoting wellbeing.
New Peabody Chief Executive Brendan Sarsfield said: “We will put the most vulnerable first, building as many good quality homes for low-cost rent as we possibly can. We’ll create great places where people want to live. And we will help our people achieve all that they can in their lives through wide-ranging support and community programmes.”
Source: Peabody ,Family Mosaic