Peabody has agreed to merge with Family Mosaic.

The new single housing association and all subsidiaries would still be called Peabody and, on completion of the merger, would provide 55,000 homes to residents across London and the South East.

Lord Kerslake and Ian Peters commented:
"The new group would build on the track record, capabilities and shared values of Peabody and Family Mosaic to create a truly distinctive organisation. Our combined scale and London focus would enable us to do more together than we could achieve alone."

The formal merger is expected to complete around July 2017.