Housing associations’ merger delayed

By Carl Brown2022-12-01T10:08:00

Sanctuary’s rescue of Swan was supposed to be completed yesterday

Sanctuary’s rescue deal to take over troubled housing association Swan has been delayed due to failure to secure lender consents in time.

The merger between 105,000-home landlord Sanctuary and 11,600-home Essex-based Swan, signed off by both boards last Thursday, had been due to complete yesterday.

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