Market Leads & Opportunities
Londons largest estate regen scheme forges ahead
Outline plans for the £1bn of regeneration of East London’s Carpenter Estate have finally advanced after decades of waiting.London Newham Council’s wholly owned housing delivery company, Populo Living has submitted plans for what or the capital’s largest and most ambitious estate restoration and regeneration scheme.The ambitious estate rebuild will deliver over 2,000 sustainable homes with half at social rent.As part of the Council’s climate emergency response, 314 existing homes (44%) on the estate will be restored to the highest green economy standards ensuring all existing council tenants, homeowners and those with a right to return can remain on the Estate.Mayor Rokhsana Fiaz said: “After decades of waiting and being left behind, residents can finally take comfort that they have a Council which is forging ahead to deliver on the promises I made to deliver much-needed homes they can afford.“We are making substantial progress with the Carpenters Estate restoration and regeneration programme, and submitting the outline masterplan is a demonstration of our commitment to transforming the estate into a vibrant community and neighbourhood instead of a ghost town languishing because of historical neglect.”The co-designed masterplan has already received the green light by residents living on the estate and those with the right to return, after 73% voted ‘yes’ in endorsement of the plans in the independent ballot held in December 2021.Phase one of the Carpenters Estate restoration and regeneration programme has already commenced following proposals to refurbish the James Riley Point high rise gaining planning permission from London Legacy Development Corporation in May. This will see the first 136 homes completed by early 2025.Refurbishment works on the 167 flats at the Lund Point high rise and new family housing in the surrounding area following this as part of phase 2.
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