UK estate regeneration approved
By Helen Wright22 February 2012
The UK government has given the green light to a £150 million (€178 million) project to regenerate the Myatts Field North Council Estate in Lambeth, London.
The 25-year public finance initiative was awarded to the Regenter Myatts Field North consortium, comprising Regenter, Higgins Construction, Rydon Maintenance, Pinnacle PSG and EON.
The outdated estate will be transformed into state-of-the-art social housing, with 808 new homes. Residential blocks are planned to be demolished and replaced with 305 new homes, while 172 existing homes will be refurbished and modernised, 146 affordable homes will be built and 357 new homes for sale will also be constructed.
Sustainability is at the heart of the redevelopment proposals, and the estate's carbon emissions are planned to be reduced by 80%. The project also includes the installation of a combined heat and power plant that will provide heating and hot water to the entire estate. A large, landscaped park, and purpose built community facilities are also planned as part of the development, together with new streets and commercial units.
