Regenter lands Lambeth housing deal

The London Borough of Lambeth has selected a Regenter-led consortium as preferred bidder on its £150m housing PFI.

The consortium - comprising Regenter, Higgins Construction, Equipe Regeneration, Pinnacle PSG and Scottish and Southern Energy – scooped the project ahead of a consortium including Mansell Construction/Sanctuary Housing Association/Balfour Beatty Capital. A United House consortium dropped out of the procurement process last year. 

The project involves a full masterplanning solution to regenerate the Myatts Field North housing estate in Lambeth, London, comprising the demolition and re-provision of 305 council properties, the refurbishment of 172 council properties, a new community centre and sports facilities, new and enhanced public open spaces, refurbishment of eight small retail units, and construction of a new retail unit.

The project will provide 503 new homes split between 357 open market sale properties, 41 intermediate affordable properties and 105 social rented properties.  

 Financial close is scheduled for mid 2010.