The London Borough of Lambeth is seeking a development partner to bring forward the renewal of the Westbury Estate, worth £370 million.
The almost two-year contract will see the development partner redesign the masterplan and secure planning permission for the estate in Clapham.
Outline planning permission was obtained in 2018 for a comprehensive redevelopment masterplan, consisting of 270 new homes.
Phase one of the masterplan was delivered in 2021 providing 64 new affordable homes for residents at social rent.
Once granted planning consent, the contractor would be responsible for funding the construction stage and the sale of the homes and commercial units, plus other development costs on the project.
Lambeth will retain full nomination rights for the social rent homes at completion.
The council requires a minimum provision of 35 per cent affordable housing and other requirements such as a net zero-carbon development.
Suppliers have until 23 December 2024.
For more information, click here .
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