21 February 2010

Myatts North regeneration to start later this year

The plans for the regeneration of the Myatts North estate in Lambeth's Vassall Ward have been finalised and contractors appointed.

Photo of Myatts North sign, Vassall Ward, SW9Starting later this year contractors Regenter Myatts Field North Consortium will be transforming the estate by building new housing and regenerating the existing housing stock.

As well as the housing the contractors will be building new community facilities and will create a landscaped park area as well as outside children's play areas. The estate will feature an innovative environmentally friendly energy plant that will provide reliable heating and hot water to estate residents.

In total Regenter Myatts Field North Consortium will:

  • build 305 new homes to replace properties that are currently in a very bad condition
  • modernise and refurbish 172 existing homes
  • provide 146 new affordable homes
  • build 357 new homes for sale
  • create new streets, green spaces and play areas
  • provide a new landscaped park with a games area
  • build a new community centre with indoor sport facilities
  • build a new energy plant to provide more reliable and efficient heating and hot water and substantially reduce the carbon footprint of the homes
  • refurbish commercial units and create a new local store

The total value of the project is over £150million with funding coming from an innovative £114million PFI scheme. The work is expected to take in total six and a half years.

The regeneration plans have been developed in consultation with local people at all stages to ensure that the finished development best meets needs. Lambeth is now carrying out final consultations on the details before building starts later this year.

Two consultation events have taken place so far in February 2010 and a third drop in session will be held on Thursday 25 February 2010 4-8pm at 46 Foxley Square, SW9.

For further information on the scheme see the Lambeth website or contact Jacqui Henry, PFI Project Support Officer at Lambeth, on 020 7926 8315 at jhenry4@lambeth.gov.uk.

Lib Peck, Lambeth Cabinet Member for Housing and Regeneration commented "This is an exciting development and I’d like to thank all of the people who have worked so hard to make it happen...When this scheme is complete, tenants will benefit from better quality homes, and their quality of life will have been improved by an environment that is totally transformed."

Local Labour Vassall Ward Councillor Kingsley Abrams welcomed the scheme saying "Over my years as a Vassall councillor I have witnessed numerous problems on Myatts Field North caused in large part by the poor quality and design of the housing and estate layout. The regeneration of Myatts North offers us a chance to wipe the slate clean and transform the area to provide first class housing and community facilities for Vassall Ward residents."