The £1 billion political redevelopment of the Clapham Park Estate with plans for 2,500 new homes is one step closer to reality.
Developer Countryside Partnerships has signed an agreement with Metropolitan Thames Valley Housing (MTVH) to provide a “significant revitalization” of the Lambeth estate.
The company says demolition work is currently underway “fully forward” and this will pave the way for the construction of 520 high-quality new homes as part of phase 1 of the project.
The entire project will be set up across 17 sites, of which 53% will be for affordable leases. These will include family homes, apartments and retirement living.
Countryside adds that there will also be a community center, a market square, two parks, commercial and retail spaces, and a county heating system.
The company adds that the homes will be built to high sustainability standards and residents will benefit from extensive cycle parking, electric vehicle charging points and improvements to public areas.
Mike Woolliscroft, interim co-chief executive officer at Countryside, said the partnership is an “incredibly exciting opportunity to deliver amazing new homes and sites to the existing Clapham Park Estate community, as well as being a great addition to the existing Clapham Park Estate community. as people moving to live in the area”.
“As a partnership-based business, we take a long-term approach to all of our projects and put community at the heart of everything we do,” he said.
“This project offers an exciting opportunity to revitalize Clapham Park by creating safe and friendly mixed-use residential areas with green space and rich amenities for current and future residents. future enjoy for many years to come.”
Countryside says it has “proven expertise” in creating mixed-ownership communities, meaning a split between affordable homes, privately held rentals and privately sold homes .
Councilmember Danny Adilypour, Deputy Leader of Lambeth (Sustainable Growth and New Homes), said the “huge investment” was welcome as the county desperately needed more homes as the nation couldn’t build enough. asset.
“This failure means that more than 3,200 households in Lambeth are living in temporary housing, because of the huge gap between demand for housing and housing supply,” he said.
“So we are delighted to have been able to help make this project a reality that will help make a real difference to people’s lives.”