42RJ Aster 43

TIDM42RJ

RNS Number : 5963Q

Aster Treasury PLC

28 October 2021

Aster Group to merge with Central and Cecil Housing Trust in January 2022

Aster Group and London-based housing trust Central and Cecil (C&C) have today announced they will merge the two businesses in January 2022.

Aster Group is a not-for-dividend housing association with over 32,000 homes, 1,450 employees and a turnover of GBP214.6m. It serves customers across the south of England.

C&C specialises in providing affordable housing and care for over 55s living in London. It has 1,840 homes, just under 300 employees.

The partnership will increase Aster's net assets from GBP888m to just under GBP1bn.

ENDS

For more information contact:

Chris Benn, Group Finance Director - chris.benn@aster.co.uk

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October 28, 2021 06:36 ET (10:36 GMT)

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