Cairn transfer update

Following on from the Stage 1 Notice you received last month, here is an update on the proposed transfer to Cairn Housing Association.
 
As part of due diligence work carried out as part of the transfer, we have been investigating the implications of Ancho’s ownership of a 207m stretch of the Annick riverbank in the Dreghorn area of Irvine, which was transferred to Ancho as part of the original stock transfer from Scottish Homes in 1999.
 
Expert engineering surveys have been carried out recently. They have told us that strengthening works will be needed to stop future erosion of this stretch of the riverbank, which borders a number of properties.
 
This is an issue that we have been aware of for some time, but the recent surveys have indicated that we may have to bring forward a maintenance and engineering programme to resolve the issue in the long term. It’s too early to know the cost of this work, but we are determined to put in place a permanent fix to give local residents certainty and peace of mind.
 
While we work through the implications of the project, Ancho and Cairn have both agreed to extend the transfer timetable so that we can make the right decisions. We expect that we will have all the necessary facts and engineering reports in place by early next year.
 
The partnership we have been part of since 2018 has been incredibly successful and tenants recognise the wide range of benefits it brings.
 
With that in mind, we’re keen to resolve the issue with the riverbank as quickly and smoothly as possible, so that we can continue with the transfer process and further improve the vital services we deliver to you.
 
Once we have a more detailed schedule of activity and costs regarding this project, we will be in touch to let you know the new timetable for the proposed transfer.
 
If you would like any further information in the meantime, please get in touch by emailing [email protected]