Lovell lands £269m Greenwich estate rebuild

Lovell lands £269m Greenwich estate rebuildThe Royal Borough of Greenwich has appointed developer Lovell to undertake a £269 million redevelopment programme which will transform three Woolwich council estates and pave the way for new construction jobs.

The project, in partnership with asra Housing Group, will see the demolition and redevelopment of the 1,064-home Connaught, Morris Walk and Grove estates and their replacement with 1,500 new high-quality, mixed tenure homes.

Construction work on the 13-year project for the three estates, which occupy around 12 hectares of land to the east and west of Woolwich town centre, is set to start in May 2014 following an extensive stakeholder consultation and the submission of planning applications.

Lovell, which has a solid record of achievement in working with communities to create successful, sustainable mixed tenure neighbourhoods, was chosen for the scheme following a rigorous selection process. The architects are Pollard Thomas Edwards.

The scheme will create 975 new homes for open market sale; 375 homes for affordable rent and 150 shared ownership homes. All properties will be energy efficient, meeting Level 4 of the Code for Sustainable Homes.

Asra Housing Group will be responsible for the management of the new shared ownership and affordable rent homes.

Lovell regional director Peter Taylor says: “We’re delighted to have been selected to work with residents, the Royal Borough of Greenwich and asra Housing Group to deliver this wide-ranging regeneration programme which will bring new open market and affordable housing of the highest quality to the area along with new community facilities and infrastructure and significant employment and training opportunities.”

Matt Cooney, Chief Executive of asra Housing Group, said: “We are proud to be delivering more than 500 homes affordable homes. This is happening at a time when there is a housing shortage, particularly in London.

“This development will breathe new life into the area and we are certain it will become a thriving community who will be living in high quality sustainable homes at affordable prices.”