An outdated Lambeth Council estate will be transformed after £150m in Government funding was approved this week.
The major regeneration of the Myatts Field North Council Estate will begin this Spring and will remodel the estate to make it a more open, welcoming, and greener environment.
The 25-year Lambeth Myatts Field North Housing PFI project will be built by the Regenter Myatts Field North consortium, comprising Regenter, Higgins Construction, Rydon Maintenance, Pinnacle PSG and E.ON, and will include:
– Construction of 305 new homes for residents in blocks to be demolished
– Modernisation and refurbishing of 172 existing homes
– Development of a large, landscaped park, and purpose built community facilities
– Construction of a new community centre with sports facilities
– Construction of 146 affordable homes
– Construction of 357 new homes for sale with ten per cent accommodating full wheelchair access
– Development of new streets and green spaces
– Refurbishment of commercial units
Sustainability is at the heart of the redevelopment proposals with a reduction in 80 per cent of carbon emissions. A combined heat and power plant installed on the estate will provide heating and hot water to the entire development. The master plan returns to the estate a traditional street pattern, which opens the area to surrounding neighbourhoods.
Lambeth Council Cabinet Member for Housing, Cllr Lib Peck, said: “This regeneration project heralds a fantastic new era for people living on the estate. When this project is complete our residents will benefit from better quality homes and their quality of life will have improved by an environment that is totally transformed.
She added: “One of the key priorities for Lambeth Council is to ensure that residents benefit from a safe, secure and decent home and local environment. Not only will residents benefit from new or refurbished homes, they will also be able to enjoy new community facilities that will help to strengthen the already thriving community spirit that exists.”
Jim Saunders, Managing Director of Regenter said: “We are delighted to hear that the Lambeth Myatts Field North PFI Project has been approved by Government. This is a critically important scheme for the Council and local residents which will provide new and improved housing, open spaces and community facilities. We look forward to the prospect of working in partnership with the London Borough of Lambeth, our consortium partners and the local community to deliver this exciting regeneration programme”.
Jeff Henton, Managing Director of Rydon Maintenance commented: “As the consortium partner responsible for the refurbishment element of the project and the long term facilities management of the estate we look forward to working very closely with the local residents. This is another really exciting opportunity to strengthen the excellent relationship we already have with the community in the Borough of Lambeth.”
Neil Euesden, Managing Director of Pinnacle PSG, the consortium’s housing management provider, said: “This is an exciting community based regeneration scheme for the residents of the Myatts Field North Estate. Pinnacle PSG is very pleased to be part of this successful partnership delivering transformational and sustained change to the community. We look forward to continuing and developing our relationship with local residents and the Council.”
Jeremy Bungey, Head of Community Energy at E.ON, said: “We are making real progress in local communities, helping residents to lower their energy costs and working in partnership with developers and local authorities to enable access to more sustainable, locally produced energy. Our high-efficiency heating scheme here in Lambeth will go towards helping the UK achieve a low carbon future.
Notes for editors
The Homes and Communities Agency is responsible for delivering the housing PFI programme. They provide support to local authorities running PFI projects and make recommendations to communities and Local Government on the allocation of PFI credits.
Regenter is a leading investor, operator and developer of housing-led, community-based regeneration schemes. Regenter specialises in working closely with its clients and developing best local solutions to suit each different community’s needs, ensuring that projects are sustainable, affordable and deliverable.
As investors and managers of projects, Regenter’s returns are measured and aligned in accordance with the success of its local solutions in delivering real improvements within the communities we serve. Regenter is a 50/50 joint venture between John Laing and Pinnacle Regeneration Group.
The Myatts Field North PFI scheme is Regenter’s fifth PFI project, firmly establishing them as a market leader in the Housing PFI sector.
For further information, please contact:
Tel 020 7901 3507
About Rydon Maintenance
Rydon Group is a privately owned construction, regeneration, development, maintenance and investment company operating out of offices in Sussex, London, Dartford, Bristol and Preston.
Formed in 1978, the Rydon Group comprises Rydon Construction Ltd, Rydon Homes Ltd, the property development arm of the Group, Rydon Maintenance Ltd and Ryhurst Ltd, a specialist health and social care investment and whole estates management company.
About Pinnacle PSG
Pinnacle PSG is part of Pinnacle Regeneration Group Limited providing housing, estates and facilities management services to a wide range of local authorities, social housing providers and other public sector bodies. It employs over 2,200 people across the UK, directly managing over 22,000 social housing homes and providing complimentary service to a further 400,000 homes. Pinnacle PSG will be responsible for managing and maintaining the new homes throughout the Myatts Field North Housing PFI Project .
• E.ON is one of the UK’s leading power and gas companies – generating electricity, and retailing power and gas – and is part of the E.ON group, one of the world’s largest investor-owned power and gas companies. We employ around 12,000 people in the UK and more than 85,000 worldwide;
• E.ON supplies power and gas to over 5 million domestic, small and medium-sized enterprise and industrial customers across the country. With customers at its heart, Energy Solutions also offers innovative energy services and technologies tailored to meet its customers’ needs. The business is designed to help customers become energy fit by encouraging them to insulate their homes, moderate their energy usage and even to generate their own power through microgeneration systems such as ground source heat pumps and solar panels for both homes and businesses.
• E.ON launched its Sustainable Energy business in 2007, providing low carbon energy solutions to businesses;
• E.ON is an MCS approved installer and one of only two energy providers accredited under the Government’s Low Carbon Building Programme Phase 2 which aims to reduce carbon emissions from buildings in the public and charity sector.