Redrow pulls out of 1,100 home Wandsworth estate scheme

Grant Prior 4 years ago
Share

Redrow has withdrawn from redevelopment work on the 31-acre Alton Estate in Wandsworth.

The firm was named preferred bidder for the scheme in 2017 by Wandsworth Council.

Redrow submitted plans last summer for 1,103 new homes as part of a 10-year regeneration project. And work started on the first phase of ten new council houses in February.

But the house builder has now confirmed it will be pulling out following recent plans to scale back its business in London.

Paul Muldowney, Managing Director at Redrow’s Greater London region, said: “Following a review of our schemes in London and the wider market, we recently announced we will scale back operations in London.

“As part of this we have taken the difficult decision to step away from the redevelopment of the Alton Estate and approached the council to request a managed exit.

“New home delivery in London is a challenge compounded by increasing costs and a two-tier planning system.

“Our designs for the new community at the Alton Estate have been prepared to provide new homes alongside a wide range of community facilities and commercial space for local residents which have helped to move the scheme forward.

“We would like to reassure the local community that the homes at Bessborough Road, where we are currently on site, will be completed by Redrow.

“Taking the regeneration project to this stage has been the result of hard work and close collaboration with Wandsworth Council, we will continue to work closely together to ensure a smooth transition.”

Cllr Ravi Govindia, Leader of Wandsworth Council said: “It is deeply disappointing that Redrow feels unable to progress with this transformative scheme and, as a result, the council has taken the difficult but pragmatic decision that it is better to look at alternative options rather than try and proceed with an unwilling partner.

“Despite these unprecedented times, the council remains completely committed to delivering the transformational regeneration the residents of the Alton Estate expect and deserve.

“We will be exploring options as to how to deliver the scheme without Redrow and to maintain momentum subject to planning permission being granted.

“I know residents on the Alton are looking forward to better opportunities in the area and we are determined to work harder than ever to meet these expectations.

“Our commitment to improving the lives of our residents remains unchanged and I hope critics of the scheme can now get behind our efforts to transform the estate and do what is best for residents.”

Latest news

Lendlease puts construction arm up for sale

After two decades of global expansion Lendlease retreats to Australia
18 hours ago

Vinci/McAlpine go-ahead for £312m Midlands hospitals revamp

Shrewsbury and Telford Hospital NHS Trust gets full business case approval
49 mins ago

Mount Anvil seals Isle of Dogs estate rebuild

Firm will build 300 new homes at East London's Tiller Road Estate
48 mins ago

Civils firm Akela appoints former Robertson director as MD

Framework expert Robert Ogg to lead growth at Scottish contractor
54 mins ago

Developer picked for Stafford town centre regeneration

ION Developments will draw up detailed plans for mixed-use Eastgate scheme
47 mins ago

Former Crossrail boss Mark Wild to lead HS2

Wild to bear down on spiralling costs and bring rejigged scheme in on time
1 day ago

Receivers in at £125m Manchester tower developer

Domis Construction walked away from scheme following doubts over funding
2 days ago

Costain A1 £260m dualling job finally gets go-ahead

Ministers sat on planning inspectors report for nearly three years
23 hours ago

Election delays decision on Lower Thames Crossing

Planning decision on £1.2bn Luton airport expansion also pushed back six months
23 hours ago

Caddick steps-in at former Lane End housing job

Contractor to restart phase of £262m scheme hit by administration
22 hours ago

Plans in for Leeds iconic Tetley building revamp

Former brewing giant's HQ to become indoor market and offices
23 hours ago

BAM wins first phase of North Devon hospital revamp

New staff accommodation to kick-off hospital redevelopment
23 hours ago

McAlpine pulls out of £55m Carlisle Citadels project

University of Cumbria starts hunt for replacement contractor
6 days ago

Strabag UK suffers further big trading loss

Austrian contractor is gearing up for major presence in the UK market
5 days ago

Durham Uni picks UPP for £130m student scheme

Firm will deliver 1,000 self-catered bed spaces
5 days ago

Architects now upbeat after 10-months of work gloom

Larger practices see rising workloads in next three months
5 days ago

Motorist dies after collision with road paver

Police Scotland investigating fatal crash
6 days ago

McLaren Living appoints HG Construction for £69m scheme

Build to Rent scheme will transform former vacant car park site in Leeds city centre
6 days ago

Squibb liquidator probes £2m of “missing” plant

Machinery, cars and scrap metal have disappeared at demolition specialist
6 days ago

Galliford Try to re-enter affordable homes market

Contractor sets out new five-year plan to build margin to 4%
6 days ago

Former Sellar chief to lead civils contractor Kilnbridge

Owen Dannatt joins as new CEO as founder Dermot McDermott becomes Chairman
6 days ago

Hunt starts for nuclear fusion plant construction partner

Fusion energy plant to be built at West Burton coal power station site.
6 days ago

National Grid raises £7bn for big infrastructure upgrade

Rights issue to fund a major round of capital investment in energy infrastructure
6 days ago

Grenfell police probe to last at least until end of 2025

19 companies and 58 individuals could eventually face charges
6 days ago

Mace confirmed on £100m London office retrofit

Work underway on Helical's 100 New Bridge Street job near Ludgate Circus
7 days ago

Wylfa chosen for next big nuclear power station build

Government names Anglesey site for a large-scale gigawatt nuclear power plant.
7 days ago

Bowmer & Kirkland trading profit halves

Contractor buys HVAC specialist Adcock despite challenging market
7 days ago

Piling specialist Van Elle plans further job cuts

Piling specialist plans further cost savings in face of lower demand
7 days ago

Civils contractor A Catlow files administration notice

High voltage cable specialist lodges court notice
7 days ago

Green light for ARC Oxford lab campus

Work to start later this year on £40m Ascent building job
7 days ago

Contractor services