Merger creates supersized community housing provider: Link Wentworth
After over a year of discussions, Link Housing and Wentworth Community Housing will merge to become one of the largest community housing providers (CHP) in Australia in March 2021. The newly formed Link Wentworth, as it will be known, will manage in excess of $200 million in net assets across 6,300 homes, and a combined annual revenue of $85 million.
Andrew McAnulty, current CEO of Link Housing, has been appointed CEO-elect for Link Wentworth and is looking forward to taking on the role of CEO.
“Bringing together two great organisations provides us with the potential to do significantly more for those most in need within our community,” said Mr McAnulty.
“We will be an organisation more able to advocate for people in need and to then deliver innovative housing solutions in partnership with all three tiers of Government and the private sector. This is a tremendous opportunity for us to make a difference,” he said.
The merger will allow the CHP to leverage its scale to enable greater provision of social and affordable housing to those most in need. In the last eight years, community housing providers collectively have invested $1.2 billion in new housing supply with investment set to grow significantly to help alleviate Sydney’s current housing pressures.
The Link Wentworth Board will be Chaired by respected industry leader, Mike Allen, an independent housing advisor and former CEO of Housing NSW, who believes the merger is an exciting next step for Link Housing and Wentworth Community Housing.
“Together, the two organisations will bring their history, experience, talent and capabilities to deliver more and better services,” said Mr Allen.
“Having had a career in housing, I am encouraged by the shared mission and vision for the future of these high quality organisations – and I am very much looking forward to supporting the board and management as the new Chair of Link Wentworth from Day 1 of the new organisation, 31 March 2021,” he said.
Wentworth Community Housing CEO Stephen McIntyre has chosen not to continue a full-time executive career due to personal reasons; however, he will continue his commitment to addressing social and economic disadvantage. Mr McIntyre believes the merger is a positive move that will make a difference to people’s lives.