NHH selected for ambitious Aylesbury Estate regeneration
Notting Hill Housing (NHH) has been selected as Southwark Council’s preferred development partner for one of the most ambitious regeneration projects in Europe, the Aylesbury Estate.
The large housing estate, located centrally in Walworth in South East London, was originally built in the 1960s and 1970s. Working in partnership with Southwark Council, NHH will be the lynchpin in one of the most historically exciting and large-scale projects the capital has ever seen.
Councillor Fiona Colley, cabinet member for regeneration at Southwark Council, said: “Southwark Council’s long planned regeneration of the Aylesbury Estate has been led by and for local people, who experience first hand its positive merits, its vibrancy and also its challenges. We support and share residents’ determination to drive forwards this complex project with the potential to improve the wellbeing of this tight-knit Walworth community for many years to come.”
Kate Davies, Chief Executive of NHH, said: “Our team shares the passionate belief that the Aylesbury estate is an area of extraordinary potential – a great location and a strong community with a bold vision.
“We’re excited about this potential, about developing a vision for the area with the people who know it best – the residents, the Creation Trust, the Council and their team – and delivering that vision through our team’s combined experience of leading transformation across the capital. We will bring our creativity, expertise, and financial strength to this partnership and reconnect this community with the city to which it belongs.”
Harriet Harman MP for Camberwell and Peckham also commented: “This is welcome news – more homes that local people can afford and more jobs that local people can work in.”
The council requires that its development partner provides a minimum of 50% affordable homes, 75% of which would be for social rent, and 25% to be shared ownership or shared equity. A minimum of 30%, across all tenures, are to have three bedrooms or more, in order to meet the council’s commitment to building more affordable and social rented homes in a range of sizes to meet local demand. Over the whole regeneration site, in line with the Area Action Plan, there will be a net increase in homes from 2,400 to 4,200.
Local people, including residents and key stakeholders, were involved in shaping the project through Southwark Council’s focus group, consultations and open days.
For more information, please read the press release.