Merger Discussion

Karbon Homes Limited

01 February 2024

 

RNS announcement - Karbon Homes Group

Karbon Homes in talks to form a partnership with Leazes Homes

Karbon Homes, which owns and manages almost 32,000 homes across the North of England, is exploring Newcastle-based Leazes Homes joining the Karbon Group.

Affordable housing provider Leazes Homes is currently part of the Your Homes Newcastle group and is planning to become a subsidiary and transfer the management of all of their homes to Karbon Homes in July 2024.

Leazes Homes offers a range of housing options to people in need, from family homes, to supported living for older people and those with additional needs.

Paul Fiddaman, Chief Executive of Karbon Homes Group said: "We're pleased to have been selected by the board of Leazes Homes as its preferred partner. We're now undertaking all relevant due diligence checks, which will then be followed by a consultation with Leazes Homes' tenants.

"The aims and values of Leazes Homes very much align with our own - in terms of providing good-quality, affordable homes and local services in a shared geography as well as our focus on supported and specialist housing."

Dawn Keightley, Chair of Leazes Homes Board said: "Our commitment to providing the best possible services to our tenants and communities remains our top priority, and we believe that Karbon is well-positioned to help us continue to do this. Karbon Homes is a well-known and trusted organisation with an excellent reputation within the area.

"We understand that change can be unsettling, but I'd like to assure our tenants that a thorough consultation process will be carried out with all Leazes Homes tenants to ensure that their opinions are heard and listened to in relation to the partnership."

Further details about the proposed partnership are expected in the coming weeks.

 

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