Housing associations Catalyst and Rosebery have today (Monday 3 August) announced they are in early talks to enter into a partnership to work across London and the South East. Catalyst owns and manages 32,000 homes and Rosebery has around 2,700 homes in Epsom and surrounding areas.
Discussions are ongoing and yet to be fully approved by either board.
Rosebery’s objectives in seeking a partner were to continue to create more homes in well-designed neighbourhoods in its expanded geography in partnership with local communities, and to work with a partner with a proven track record in estate regeneration which Catalyst has a long and successful history of delivering.
Catalyst recently retained its G1/V1 rating for governance and financial viability, following an in-depth assessment by the Regulator of Social Housing, and Rosebery was also graded G1/V1 in 2019.
Ian McDermott, Chief Executive of Catalyst, said: “Rosebery’s strong reputation, clear values and local expertise make them a very attractive potential partner.
“We now look forward to continue talking and getting to know and understand each other better.
“Myself, our board and my executive team are open to thoughtful, gradual growth opportunities. The potential of this partnership would fit that philosophy.”
Deborah Pike, Chief Executive of Rosebery Housing Association, said: “Catalyst and Rosebery are committed to sustainable communities – this partnership offers the opportunity to bring together Catalyst regeneration experience and capacity and Rosebery’s expertise in resident involvement in the provision of good quality local services.”
“The Board and Team Rosebery are excited about the prospects for this to be a rewarding and enduring partnership.”
Proposals are that Rosebery will join Catalyst as a subsidiary with authority over a defined geography.