Aldwyck Housing Group and King Street Housing Society today announced that they have entered into talks for King Street to join the Aldwyck Group.
Both organisations share an ambition to build more new homes in Cambridgeshire over the next five years and believe there is additional value to be gained by bringing the two organisations together.
Ian McDermott, Group Chief Executive at Aldwyck Housing Group said “Aldwyck has ambitious plans to grow. We are committed to building more new homes to meet the needs of local communities across our areas of operation. By joining forces with King Street we will be well placed to influence the strategic conversation about housing provision in Cambridge and I am delighted that we have started the process of them joining the Group”
Craig Glasper, Chief Executive at King Street Housing Society said “The need for affordable housing in Cambridgeshire has never been greater. Joining Aldwyck Housing Group gives us the ability to have a stronger voice in the region. We share common aims and values to build quality homes and deliver excellent services to our customers”
It is expected that King Street will join Aldwyck Housing Group as a subsidiary by April 2018.