Trust Thamesmead today (Tuesday 1 April 2014) joins one of London's oldest and largest housing charities, the Peabody Group.
Peabody has already acquired Gallions Housing Association and also takes Tilfen Land under their umbrella, meaning housing, community investment and over 100 acres of developable land in Thamesmead are now owned by a single, well-resourced organisation for the first time in a generation.
With others, including Crossrail, Peabody will invest hundreds of millions of pounds in the area over the next 10-15 years, improving existing homes and public spaces, and working with partners to create thousands of new homes, jobs and commercial opportunities in the area.
Trust Thamesmead's CEO, Mick Hayes said: “This is an exciting time for Thamesmead and we are looking forward to joining the Peabody Group. Our values of trust and collaboration in community investment complement Peabody’s expertise, and together we will be able to achieve even more for local residents, businesses and social enterprises."
Stephen Howlett, Chief Executive of the Peabody Group said: “Thamesmead has the potential to be London’s major garden suburb, with beautiful green space, first-class amenities, excellent schools, and rapidly improving transport connections. Bringing Tilfen and Trust Thamesmead into Peabody will help us realise our vision of creating thousands of new homes and jobs, which will drive the comprehensive regeneration of the area.”
Nigel Houston, Chief Executive of Tilfen Land commented: “We are delighted to be joining the Peabody Group, which has substantial financial resources and is committed to long-term investment in the area. Tilfen will bring our commercial expertise to the table, and we look forward to continuing our work as one of the major property development and regeneration businesses in the south east.”
Trust Thamesmead continues to service Thamesmead residents in both the London Borough of Bexley and the Royal Borough of Greenwich through our established teams, offering training and job searches to unemployed residents of Thamesmead, two Ofsted rated pre-schools, our community development team, The Link Thamesmead and Sporting Club Thamesmead.