Subsidiary would be folded entirely into 40,000-home Stonewater under latest proposals
Stonewater has appointed former Berkeley Group divisional chair Angus Michie as its new chair.
The 40,000-home housing association today announced Sheila Collins, who has chaired the group for seven years, is standing down.
Michie, an existing Stonewater board member, will succeed her as chair on 1 October.
He spent 25 years as divisional chairman of several of Berkeley Group’s businesses. He is also the managing director of residential developer SevenCapital.
The announcement came as Stonewater announced a consultation on plans to fully fold 1,600-home subsidiary Mount Green Housing Association into the group.
Mount Green joined Stonewater in 2024 as a subsidiary. What is now being proposed is a transfer of engagements under which Mount Green’s 1,600 homes will be transferred to Stonewater and the former will no longer exist as a legal entity.
Jonathan Layzell, chief executive of Stonewater, said: “This proposal builds on an already successful partnership with Mount Green and is about making sure customers continue to have safe, secure homes backed by a strong and financially resilient organisation.
“If approved, it would allow us to bring these homes into Stonewater’s direct ownership while keeping the local, customer-focused service that residents value.”
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