Our group strategy
To achieve our vision, we are focused on four ambitions:
- growing our business
- being brave and bold
- being financially strong and well governed
- delivering value and offering choice.
Four corporate objectives will help us achieve these:
- growth through more housing provision
- ensure our business model is sustainable in terms of energy, culture, use of IT and employee skills
- an increased focus on efficiency, reducing non-core activities to fund more housing
- continuing our work on corporate social responsibility.
Download our 2016-17 Group Strategy and Corporate Plan for more information.
To support these ambitions, we have a clear investment strategy to grow our business in a commercially robust and sustainable way. To help us achieve this, we use funding from banks, the bond markets and other lenders to finance the Group.
John Brace, Aster’s group resources director and deputy chief executive, heads up our investor relations team. A chartered accountant and a member of our Group and Executive Boards, John has led many successful funding initiatives including Aster’s first bond issue in 2013. He has also been instrumental in the creation of the Aster Group and the successful merger of Synergy Housing with Aster in 2012.
Working with us
Aster is always interested in working with strategic partners, in joint ventures, and through mergers and cost-sharing vehicles with other organisations if the fit is right and if together we can provide better and more efficient housing. We are also interested in land acquisition, brownfield regeneration and other partnering opportunities for new housing development sites across the UK. For example, we have formed a partnership with Galliford Try to create more than 800 new homes for market sale, affordable rent and shared ownership over the next seven years.
The Aster Group is a financially stable and robust business which is reflected in our A+ credit rating from Standard & Poor’s. Our business performance is underpinned by strong financial and operational management, a disciplined approach to acquisitions and the talent and contributions of our people. Click on a link below to view our recent financial performance.
Our credit rating
Aster Group is a financially robust housing business. Our A+ credit rating from Standard and Poor’s is a measure of our financial stability and stewardship.
Updated 14th December 2016
The Group raised finance in 2013 through a publicly listed bond. The bond was issued from our subsidiary company, Aster Treasury Plc. Click the link below to view the statutory accounts of Aster Treasury Plc.
The Group raised finance in 2013 through a publicly listed bond. The bond was issued from its subsidiary company Aster Treasury Plc. Click on the link below for information on our public listed bonds.
Value for Money
We strive to achieve real value for money for our customers, lenders and communities. How we are making the most of every pound we spend is explained in our annual Aster Group Value for Money Self Assessment reports. Click on a link below for more information.
Fire safety - statement to investors
Following the recent tragic fire in Grenfell Tower in London we have taken a number of steps to assure our customers of their safety in the homes we manage and maintain.
While we have no specific concerns about the safety of our buildings, following the tragedy in London we immediately started a proactive review of all of our communal properties to ensure the safety of our customers.
The five blocks of flats we own and manage that are over six storeys or 18 metres high - which equates to 171 flats and is 0.58% of our housing stock - have been assessed for high risk materials. Work is also underway to review low to medium rise blocks of flats that may containing external cladding material. This work is due to be completed by the end of August 2017.
To date, none of the high rise blocks surveyed have been found to contain high risk materials (aluminium composite materials) similar to that used at Grenfell Tower.
We have been working alongside the government, local authorities, fire authorities, the National Housing Federation and other relevant bodies while conducting this review to ensure we are providing information they require while also receiving the latest guidance and advice.
Where refurbishment work is being carried out to our buildings we are seeking assurance that all materials used comply with strict fire safety regulations.
We have reviewed the fire safety information available on our website and have issued guidance in our customer newsletter, emails and on our social media channels.
We have briefed our colleagues, particularly frontline employees such as contact centre workers, to ensure they customers are contacting us to seek assurances that their accommodation is safe and complies with all necessary fire standards.
We are urging our customers to test their smoke alarms regularly and to ensure that they are fully aware of the fire safety advice and fire escape routes in their homes.
We’re actively inviting customers to contact 0333 400 8333 if they have specific concerns or feedback.
We're here to help
If you'd like to speak to someone in more detail regarding our investor relations then please use the contact details below to get in touch.