Aster Treasury Plc

Aster Group plans merger with Central and Cecil

RNS Number : 7490C
Aster Treasury PLC
24 June 2021



Aster Treasury Plc

24 June 2021


Aster Group plans merger with Central and Cecil Housing Trust


Aster Group and London-based housing trust Central and Cecil (C&C) have today announced they are in early talks to merge the two businesses.

Aster Group, headquartered in Wiltshire, is a not-for-dividend housing association with over 32,000 homes, 1,450 employees and a turnover of £214.6m. It serves customers across the south of England.

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

The partnership would increase Aster's net assets from £888m to just under £1bn.

Both Boards will receive a final business case in the autumn. A further announcement will then be made.


For more information contact:

Chris Benn, Group Finance Director - [email protected]  

Lynsey Thorp, Head of Communications - [email protected]  


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