Lovell secures Greenwich housing regeneration scheme
Lovell, the affordable housing division of developer Morgan Sindall, has been selected as the preferred provider of construction services for the regeneration of hundreds of homes in Woolwich, London.
The £269 million scheme will see the regeneration of a significant proportion of the town's housing stock over the coming years, providing a major boost to local residents should it be given the green light.
Proposals submitted to officials at the Royal Borough of Greenwich include provision for the delivery of up to 1,500 new mixed-tenure homes, all of which are to be built to the highest quality.
Working in partnership with asra Housing Group, Lovell plans to transform three local council estates in Woolwich, all of which can be located just east of the town's centre.
Tenants currently residing at the Connaught, Morris Walk and Maryon Road estates are to undergo relocation to their new homes once they are ready for habitation, although the process of building these new properties is likely to take several years to complete.
John Morgan, chief executive of Morgan Sindall Group, said: "We are delighted to have been chosen to work on this regeneration programme after a rigorous selection process.
"We have a solid record of working with communities to create successful, high-quality and sustainable mixed-tenure neighbourhoods and we look forward to working with all those involved."
The project is now reliant on final approval of the plans by the local authority, although Lovell is confident work will be underway by May next year. Once started, the project has been forecast to take approximately 13 years to complete.
Morgan Sindall is one of the UK's largest construction firms, employing more than 7,000 individuals and working on a range of urban regeneration and infrastructure improvement projects across the country.
One of the most successful urban developers in the UK, this latest contract award builds on the recent affordable housing coup for the company as part of a £63.3 million development at Lymington Fields in the Chadwell Heath area of Dagenham.
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