The proposed merger between Cosmopolitan Housing Group and Riverside is now in doubt - on the day that the HCA's Regulatory Judgement downgraded Cosmopolitan's governance and viability status.
In a joint statement, the two housing providers said that "negotiations are making progress" and that they are currently in a "detailed phase of due diligence, considering the implications of the complex commercial leases in Cosmopolitan Student Homes".
Meanwhile, the HCA said that its downgrading of Cosmopolitan'...
