Havering Council seeks partner for £1billion housing regeneration programme
PUBLISHED: 15:48 07 March 2017 | UPDATED: 17:01 07 March 2017
Havering Council has been sounding out development firms as they seek to find a partner to get involved with their £1billion housing regeneration programme.
Details of the scheme, which will see 3,500 homes built in the borough over the next seven years, have been published for companies wishing to be considered as a potential partner to build the new homes.
Cabinet member for housing, Cllr Damian White, said the contract has been valued up to £1b and is expecting a lot of interest in the project.
“The housing regeneration programme covers 12 different parts of the borough and will provide around 3,500 new homes for Havering people.
“We estimate the value of the contract to be up to £1 billion so it is important that we find the right major developer who shares Havering’s vision of the type of housing we want on these sites and has the capacity to deliver this volume of high quality homes.
“Once firms have expressed an interest in joining us in forming a Joint Venture Company to deliver the programme, we will have discussions with them before a report goes to cabinet at the end of 2017 recommending which developer is the preferred one.
“We are expecting a lot of interest in this project and look forward to hearing the suggestions the development companies make regarding our proposals.”
For more information go to havering.gov.uk/HousingRegeneration.