Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Spending cuts: Aylesbury estate regeneration loses £20 million

  • Comment

Levitt Bernstein and Pollard Thomas Edwards’ £2.4billion Aylesbury estate regeneration scheme, south London, is being redrawn following a huge loss of Homes and Community Agency (HCA) funding

Southwark Council voted to re-phase the project in an attempt to keep on the rails the overhaul of Europe’s largest housing estate.  

The council hopes bringing forward later phases will unleash money from land values, making up for the starting phase’s cash shortfall. This means demolition work on some buildings will be delayed for up to a year.

Councillor Fiona Colley, cabinet member for regeneration, said: ‘The housing market downturn and government funding cuts have not been kind to many regeneration projects across the country, but we are determined to find a way to create a brighter future for all Southwark’s residents and ensure the best value for leaseholders.’

The 1960s estate is home to 7,500 people. The 28.5 hectares scheme features a RIBA competition-winning school proposal by SMC Alsop.

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.