Monday 11th October
ANNOUNCED today, Pinnacle Group, one of the UK’s leading multi-tenure residential service providers, is expanding its geographical footprint and service capability nationwide through the acquisition of residential and social housing specialists Orchard & Shipman. This acquisition will integrate the whole of Orchard & Shipman within Pinnacle, including their Registered Provider (Orchard & Shipman Homes), and will continue to be led by Chris Shipman, Executive Chairman.
Orchard & Shipman brings over 30 years’ experience and expertise in the provision of the highest quality residential management services to public and private sector landlords and portfolio owners nationwide.
With a mixed-tenure residential management portfolio of over 80,000 homes across the UK, the strategic acquisition of Orchard & Shipman further boosts Pinnacle’s already significant sector expertise and capability whilst benefitting existing as well as new customers and clients.
The deal immediately strengthens Pinnacle’s capacity to deliver step-change housing solutions. This includes delivery of the 49,000-home National Accommodation Management Services contract – secured by Pinnacle in June – on behalf of Defence Infrastructure Organisation (part of the Ministry of Defence). It also includes the £85m funding project, devised and secured by Orchard & Shipman in August in partnership with London Borough of Bromley, to provide much-needed permanent affordable homes and to manage them over a 50-year period.
