Hawkins\Brown and Studio Egret West’s Stirling Prize-shortlisted Park Hill scheme has received a timely boost with a deal that should see construction work restart
Regeneration giant Places for People has confirmed that it will form a joint venture with Park Hill’s developer, Urban Splash, to fit out flanks B and C of the huge Sheffield housing scheme’s first phase.
The signing of the joint venture, first revealed by AJ on 1 August, could not have come at a better time, with the Stirling Prize to be awarded tonight.
It comes after Places for People bought 654 flats elsewhere from Urban Splash at the end of July in a deal worth £77 million.
Places for People chief executive David Cowans said: ‘We are very pleased to be able to work with Urban Splash, initially on the innovative development of Park Hill in Sheffield, and we will be looking at further opportunities to develop schemes within the Urban Splash and Places for People portfolio in the future.’
Urban Splash chairman Tom Bloxham added: “This announcement is great news for Urban Splash. Places for People and Urban Splash have many shared values, and great reputations for regeneration, placemaking and great architecture.
‘Urban Splash has an enviable track record, having developed over 60 schemes and won 348 awards over the past 20 years.’
The Park Hill overhaul is an ambitious attempt to reinvent the 1960s ‘streets in the sky’ scheme.
Progress on the multiphase scheme has recently faltered and concerns were raised about future stages after Urban Splash posted pre-tax losses of £15.4 million for the year to 31 March 2012.