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Housing Today
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Abri enters merger talks in bid to strengthen troubled Octavia
Non-compliant Octavia enters discussions about joining 50,000-home Abri as part of plan to improve governance
Abri has entered discussions about a possible deal to takeover troubled Octavia.
Octavia, which owns 5,000 homes, is currently non-compliant with the Regulator of Social Housing’s governance and financial viability standard because of its poor financial planning and ‘unrealistic budgets’.
RSH in September gave Octavia a ‘G3’ and ‘V3’ rating for governance and viability respectively, meaning it must improve.
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