Riverside and Countryside Partnerships, the UK’s leading developer, have agreed a deal for the 170-home redevelopment of the Pike Close estate in Bromley, which includes the provision of new homes for the 92 households currently living on the estate, with their rent and tenancy terms protected.
Designed by architects HTA, the new development will replace the current social housing with high quality new homes that meet the needs of existing residents, as well as delivering 78 additional homes to meet the pressing housing need in the local area.
Enabling works began in July 2022 and are now complete, allowing for construction of the new homes to begin this month; completion of the first phase of new homes is expected in early 2025. Every home in this first phase will be for social rent, which means that existing residents will only need to move home once.
The layout of the development has been designed with nature and green spaces in mind, with residents guided through the network of green spaces. The new scheme will nearly double the number of trees on the site once complete.
The regeneration follows five years of consultation with existing residents, which resulted in an 82% ballot in favour of redevelopment in May 2019.
Nathan Gravesande, Director of Development and Regeneration (London South), Riverside, said:
“We are delighted to have reached this milestone agreement with Countryside. This is wonderful news for our residents and the local community, and we are excited to begin construction work on the first new homes following extensive enabling works.”.
Stephen Teagle, Chief Executive, Countryside Partnerships, said:
“Our redevelopment of the Pike Close estate will deliver a significant number of new, high-quality homes for local residents and support the existing community, and we are proud to have signed the affordable housing development agreement with Riverside so we can officially begin construction following the completion of enabling works, which began in July last year.
“Having worked tirelessly with residents, the council and wider community to design a scheme that delivers for everyone, we are excited to start bringing this vision to life.”