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Redrow has withdrawn from redevelopment work on the 31-acre Alton Estate in Wandsworth.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

Wates boss returns after collapse of his own contractor

Paul Nicholls was head of the failed Real construction group
6 hours ago

New Fair Payment Code goes live today

Latest bid to get subcontractors and suppliers paid within 30 days
10 hours ago

Lincolnshire concrete supplier files administration notice

Ever Readymix Concrete & Screed operates three depots and a fleet of 20 trucks
10 hours ago

Graham lands first deal on Liverpool’s largest brownfield site

Contractor bags infrastructure package on 10.5 hectare site
1 day ago

Bouygues UK boss to step down

Fabienne Viala to leave after eight years at the helm
1 day ago

Galliford Try scoops £87m brace of London jobs

Firm will redevelop a prominent corner building on Sloane Street in Chelsea
10 hours ago

New HS2 boss Mark Wild starts amid prep for final TBM drives

Former Crossrail CEO starts with a sharp focus on controlling costs
1 day ago

Ten consultants land Thames Water major upgrade places

Firms will share £400m of fee work over next five years
1 day ago

Rayner ultimatum to fix all unsafe tall buildings by 2029

Recladding work must start on all 18m+ resi buildings by 2027
1 day ago

ISG administrator finds just £35m to pay down £1.1bn debt

Failed firm was set to report £148m blackhole from legacy jobs
1 day ago

Redesign needed on Colas “bridge to nowhere”

Technical challenges continue as £38m scheme faces further delays
1 day ago

Skanska UK shakes-up boardroom team

Four new board appointments as two directors step down
1 day ago

Ultra rich clamour for Mace super prime resi scheme

Topping out at £2bn 1 Mayfair scheme where homes start at £35m
1 day ago

Watkin Jones wins £48m St Helen’s affordable homes deal

Firm to build nearly 300 homes for housing association
1 day ago

Barratt sets start date for High Barnet station scheme

Latest scheme to be delivered by the £1.9bn West London Partnership
1 day ago

Investors lose £26m after M&E contractor goes under

78 private investors hit by Gallant Building Services collapse
4 days ago

First contractor call for £80bn Government mega-framework

Seven-year deal will cover construction work across all departments
5 days ago

Transport Secretary quits Cabinet

Louise Haigh resigns over stolen mobile phone revelations
4 days ago

NHS modular specialist looks to strike deal with creditors

Catfoss Group Manufacturing applies for Company Voluntary Arrangement
4 days ago

Kier bags £23m Cheadle Eco Business park job

Contractor beats rival Galliford Try to deliver Stockport council's green business park
4 days ago

Willmott Dixon wins £24m Leeds council housing scheme

Firm will build 82 council houses on site of Hough Top school
4 days ago

Welding crisis road bridges revealed

Bridge projects in Midlands, Gateshead and Cornwall impacted
5 days ago

£1bn Bishopsgate Goodsyard phase one go-ahead

London Mayor approves 550,000 sq ft office scheme above Shoreditch station
5 days ago

Costain poised for major HS2 tunnel fit out deal

Latest major deal on project due imminently
5 days ago

New builds overtake refurbs in London office market

Drop in new construction starts but developers remain bullish
5 days ago

Willmott Dixon wins £23m net zero Surrey SEND school

Hopescourt School job takes low carbon work pipeline to £1.4bn
5 days ago

£1.6m fine after mast climber crush tragedy

Court hears how worker died while unloading work platform
5 days ago

Severfield welding crisis hits five National Highways bridges

Full penetration butt welds under scrutiny as weight restrictions imposed
6 days ago

HS2 awards £3bn of track contracts

Ferrovial BAM and Colas Rail among 'rail systems' winners
1 week ago

Chinese diggers face 83.5% duty after JCB dumping complaint

Fair trade body finds UK kit prices were undercut by 23%
6 days ago

Contractor services