The boards of Radian and Yarlington have announced they are exploring options to form a partnership.
Between them, the two groups own and manage 38,000 units across the South West and South of England. Over the coming months they will be exploring options that could:
- Deliver long-term benefits for the customers and local communities served by the two groups
- Transform customer experience by further developing digital services for customers alongside a continued strong focus on local services
- Provide more than just bricks and mortar – supporting residents into employment, better jobs and ultimately careers through an innovative social business
Radian and Yarlington share similar values; geography is complementary and corporate ambitions are very much aligned – including collaboration, scale and value for money targets.
Financial viability, performance, people capability and governance of both businesses is strong, providing a great platform on which to build a partnership and deliver more new homes and improvements for customers and the local communities within the south of England.
Gary Orr, Radian Chief Executive, said: “We’re excited by the potential of this partnership, and with the increased scale and reach it could give us the capacity to do so much more. We want to create an organisation that is ready for the future, is a major contributor to addressing the housing needs of southern and south west England, and together we can continue to provide a fantastic experience for our customers and communities.”
Caroline Moore, Yarlington Managing Director, added: “Our aim for the new organisation is to be a fantastic place for people to work, to develop and to progress careers. The colleague experience is a key part of our future vision.
“Working together, a new organisation would also be able to achieve more for its customers and towards helping to solve the housing crisis than either could do alone.”