Places for People looks to acquire South Yorkshire Housing Association
Merger discussions have begun between the two organisations, with the intention of SYHA becoming a subsidiary of the social enterprise.
SYHA owns more than 5,000 homes in the South, West and North Yorkshire regions, including social housing, care properties, leasehold, and shared ownership.
The company also has more than 30 care and support contracts with partners such as the South Yorkshire Mayoral Combined Authority and local authorities.
Larry Gold, chief executive of SHYA, said: ”Our proposed partnership with Places for People will enable us to continue our 50+ year legacy providing high-quality homes and services.
“This is the right thing to do for our customers, communities, employees and partners, and the partnership will be hugely beneficial for Sheffield City Region.”
Greg Reed, group chief executive officer of Places for People added: ”South Yorkshire, and specifically Sheffield, is a core region for PfP and, like SYHA, we’ve been here for many years.
“Bringing our organisations together – pooling our skills and experience – will make us a greater force for good in the region, enabling us, under one group, to have a more significant impact, and further supporting the development of thriving Communities.”
