Wandsworth council in London has produced a shortlist of five developers to help it revive a large estate in the neighbourhood of Clapham Junction rail station.
The Winstanley and York Road project, which is currently valued at £1bn, will take a 32-acre site and produce a stylish and attractively-designed neighbourhood consisting of approximately 2,000 new homes as well as brand-new retail, office, community, and leisure space.
The scheme is being hailed as a leading effort in the UK government’s mission to demolish and recreate the most neglected estates in the country. These estates were targeted by the Prime Minister in his £140m programme to transform 100 of the worst locations.
The Winstanley and York Road scheme shortlist consists of the following:
- Balfour Beatty Infrastructure Investments & First Base
- Berkeley Group
- C&C Properties UK & Pinnacle Group
- Lend Lease Europe Holdings
- Taylor Wimpey UK
Both owner-occupiers and council tenants are being offered new homes in the rejuvenated development so that they can remain and benefit from the area’s overall revival. Tenants have already voiced their preference for an overall redevelopment of the two locations as opposed to a simple makeover of the current buildings.
Under the more popular option, some currently existing blocks would undergo refurbishment and redevelopment would take take place in large sections of the York Road estate.