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Trowers & Hamlins advises on merger to create one of UK’s largest housing associations

Trowers & Hamlins advises on merger to create one of UK’s largest housing associations

Trowers & Hamlins is pleased to have advised on the merger of Raglan and Jephson housing association to form Stonewater, a new registered provider managing around 31,000 homes across the UK.

The merger completed on 31 December 2014 and creates one of the UK's largest registered providers with a turnover of £160 million and £1.6 billion in assets.  

As one of its first initiatives, Stonewater will be leading one of the UK’s largest development programmes which will provide more than 7,000 new affordable homes over the next ten years.

Bob Strachan, Stonewater CEO, commented: “We have a tremendous opportunity ahead of us and will be focusing on continuing to deliver excellent customer service while making a steady transformation in our operations to achieve our ambitious goals.”

Trowers & Hamlins was appointed by the Board Designate to advise on governance and employment issues related to the merger.  The firm will also advise the newly formed group on an on-going basis. 

The governance team that advised on the merger comprised Ian Davis and John Maton.  Employment advice was led by Emma Burrows and Rebecca McGuirk.