HCA downgrades Cosmopolitan's viability status as Riverside merger in doubt

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Published by Max Salsbury for 24dash.com in Housing and also in Central Government, Communities, Regulation

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'...

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