Large developing housing association Riverside is in talks about troubled One Housing Group joining its organisation as a subsidiary later this year.

Riverside, which posted a turnover of £355.66m in 2019/20 and built 894 homes, has agreed a merger business case with One Housing, after the latter posted a loss of £8.6m last year.

The merger would create an organisation with a combined turnover of more than £570m owning or managing more than 75,000 properties. The organisations say they would be able to increase their development capacity by 40% as a result. In 2019/20 the organisations built a combined 1,232 homes