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Successful bidder announced for £150m PFI scheme

Plans to transform an outdated Lambeth council estate into an example of state-of-the-art social housing, has moved closer with the announcement of Regenter as the partner that will deliver the multi-million pound PFI project.

This major regeneration programme for the Myatt’s Field North estate will take five years to complete and includes: 

  • building 305 new homes for residents in blocks to be demolished 
  • modernising and refurbishing 172 existing homes 
  • a new, landscaped park 
  • a new community centre with sports facilities 
  • 141 new affordable homes provided 
  • 357 new homes for sale 
  • new streets and green spaces 
  • a combined heat and power plant providing heat and hot water to the estate 
  • the refurbishment of commercial units on the estate.

Councillor Lib Peck, Lambeth cabinet member for housing and regeneration said; “This is an exciting development and I’d like to thank all of the people who have worked so hard to make it happen.

“One of the key priorities for Lambeth Council is to ensure that residents benefit from a safe, secure, and decent home and local environment. When this scheme is complete, tenants will benefit from better quality homes, and their quality of life will have been improved by an environment that is totally transformed.”

Marcia Leacock, Chair of the Myatt’s Field estate TMO said; “This is a real result for Myatt’s Field North and all the hard work some of the residents have put into getting a new future for the estate.”

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