Cairn takes over Ancho’s entire housing stock following seven-year partnership
Scottish housing association Ancho has folded fully into Edinburgh-based social landlord Cairn after the two providers merged in 2018.
The move means Ancho, which has been a subsidiary of Cairn since 2018, no longer exists as an independent entity and its entire housing stock of 670 homes has transferred to 4,000-home Cairn.
The takeover followed a tenant ballot in which 92% of tenants who voted did so in favour of the transfer.
Residents have been advised to begin using Cairn’s contact details as those of Ancho will be discontinued soon.
The event was marked by a ribbon-cutting event held at the former Ancho office in Irvine, which was attended by tenants, shareholders and board members.
Angus Lamont, Cairn Chair, said: “This transfer is a great outcome for Ancho tenants. Cairn has demonstrated a strong commitment to maintaining local services while bringing the added benefit of greater investment and long-term security.
“I’m delighted that Ancho board members will be joining the Cairn board to ensure that Ancho’s tenants continue to have a voice and representation in this new chapter.”
The landlords merged in 2018 following a successful tenant vote. It pledged to deliver £4.5m in funding for Ancho’s homes and a five-year rent guarantee for residents.
As part of the agreement, a five-year review was carried out in which the board at Ancho agreed a transfer of engagements to Cairn.
Ancho said the move would decrease administration workloads to improve services and generate “substantial savings” by forming one bigger organisation.
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