Ikon Brokers Strategic Stock Swap

March 9th, 2017     

Ikon recently brokered and project managed a significant stock swap delivering added value outcomes to two Housing Association clients. Ikon identified the potential benefits for Hyde and Mount Green of a stock swap involving a total of over 300 homes. In line with Hyde’s asset strategy the opportunity existed to trade out of Surrey and for Mount Green to take over 200 homes in its core Surrey management area. In exchange Hyde has taken a 100 home development in its core Bexley area.

 

Ikon’s Director Chris Cheeseman commented: ‘We identified the basis of a deal which would deliver strategic benefits to both parties. Ikon brokered and structured the deal and then worked across the deal to ensure a successful outcome’.

 

Hyde’s Director of Development David Gannicott added: ‘This opportunity, brought to us by ikon, enabled us to deliver under our asset strategy approved by Board – in particular to add homes in our core area and deliver service benefits to residents’.