Housing association plans £1.6bn regeneration in Lambeth
One of the largest regeneration projects delivered by a housing association has received planning permission in Lambeth, south London.
A total of 2,500 new homes are set to be built on the Clapham Park estate which will double the number of homes to just over 4000. More than half of the homes (53%) will be affordable through a combination of social and affordable rents, as well as homes for shared ownership and shared equity.
Lambeth Council transferred the estate housing stock to the housing association Metropolitan over a decade ago. To date, more than 500 homes have been built and 700 refurbished.
Metropolitan’s planning application includes a new central park and a new community hub with shops and community facilities. There are also improvements to landscaping, play spaces and roads.
Lib Peck, leader of Lambeth Council, said: ‘This is an important step forward in the on-going transformation of Clapham Park. Major redevelopments like this one with Metropolitan are essential to deliver the new affordable homes, jobs and investment we need in Lambeth; and as one of the ward councillors for part of the Clapham Park estate, we have worked hard to influence the scheme and ensure the best deal for local residents.’
Major redevelopments like this one with Metropolitan are essential to deliver the new affordable homes, jobs and investment we need in Lambeth.’
Geeta Nanda, chief executive of Metropolitan, said: ‘We see our responsibility at Clapham Park as not only to deliver quality new homes but also to support and invest in the community. Our team on the ground continues to provide sustainable social benefits for residents, such as employment and training opportunities, and money management support – as well as study support sessions for younger residents.
A lot of work lies ahead, and we will continue to work closely with the community as we move forward.’
Work is set to begin on the project towards the end of 2018.
