MERGER WITH PLACES FOR PEOPLE COMPLETE

The merger, which will open up opportunities for greater investment in affordable homes in South Devon, was initially given approval by SDR shareholders in early February. There followed a slight delay whilst compliance was confirmed by the Financial Conduct Authority (FCA).

With that approval confirmed, SDR is now officially a subsidiary of Places for People and both partners can start working towards full integration later this year. 

SDR, which currently owns and manages 357 homes in SW England, will play a key role in helping Places for People expand its operations in the region, whilst benefiting immediately from the greater sustainability afforded by being part of a larger organisation.

SDR’s full integration into the Places for People family will be a seamless process so far as SDR customers are concerned. They were consulted on the initial proposals – will continue to be provided with key information as the partnership moves forward. 

* https://www.placesforpeople.co.uk/