Merger set to complete in mid-June after both boards give green light

Leazes Homes has been given the green light to join Karbon Homes as a subsidiary once the Newcastle City Council arms-length management organisation Your Homes Newcastle closes in mid-June.

Dewley House - communal garden

Source: Karbon Homes

Dewley House, one of Leazes Homes’ developments, will be transferred over to Karbon Homes in mid-June when the merger goes through

Leazes’ and Karbon Homes’ boards approved the merger this week, following a six-week consultation with Leazes tenants and after considering colleague feedback and due diligence checks.

Karbon Homes will provide management services for Leazes’ 759 homes from 17 June, when its existing partnership with Your Homes Newcastle (YHN) ends.

In December last year, Newcastle City Council announced that it would taking the management of its housing stock, formerly managed by YHN, back in-house and delivering management services directly. As a result of YHN being wound down, it will no longer be able to manage Leazes Homes’ housing stock. 

>> See also: North-east council to close ALMO after 18 years

>> See also: South Yorkshire ALMO appoints new boss

Leazes Homes was established in 2009 by Newcastle City Council, initially as part of YHN, and then became an independent charity. In 2012, Leazes returned to YHN.

In February 2024, Leazes Homes and Karbon Homes announced that they were in talks regarding Leazes joining Karbon as a subsidiary.

Karbon Homes currently owns and manages almost 32,000 homes in the North of England.

Paul Fiddaman, chief executive of Karbon Homes Group said: “We’re delighted to be welcoming Leazes Homes to Karbon. At the heart of this decision lies a shared commitment to provide high-quality homes and local services to Leazes’ tenants”.

Fiddaman stated: “Like Karbon, Leazes offers a range of affordable housing options to people in need, from family homes, to supported living for older people and those with additional needs”. 

He added: “Together, we’re determined to have an even greater impact on improving people’s lives and our communities across the North.”