Lambeth Council is seeking a development partner to deliver 450 new mixed-tenure homes across six sites in the borough.
The council is seeking a single partner to deliver the New Homes 6 (NH6) portfolio, which has a gross development value of £250m.
The portfolio comprises Denby Court (pictured), which has the capacity to potentially deliver 141 new homes; Larkhall Lane (127 homes); Knight’s Walk Phase 2 (68 homes); Jonathan & Orsett Street (67 homes); 30 Wootton Street (24 homes); and Trinity Rise (20 homes).
Danny Adilypour, Lambeth Council’s deputy leader and cabinet member for housing, investment and new homes, said: “Since the launch of our New Homes Programme in March last year, we have made great strides in unlocking many housing projects in the borough to enable us to deliver more affordable housing for our residents.
“But as the temporary accommodation crisis continues, with 5,000 households in often sub-standard temporary accommodation and more than 40,000 people on Lambeth’s housing waiting list, coupled with difficult financial circumstances, we need to act more urgently through the most effective way to help us deliver new housing.
“Alongside working with the government to find solutions to our housing crisis, we know that the right partnership with an industry expert will help us deliver more new affordable homes at pace which we have started implementing on other projects already to accelerate delivery.
“As we begin the search for a partner to deliver the New Homes 6, I look forward to working with our residents and the right partner to bring forward this significant project that will not only bring forward much-needed high quality housing but also improve so many of our Lambeth neighbourhoods in the future.”
The partnership offer will be advertised through the Find a Tender Service portal from 6 January 2025 and the deadline for submission of initial tenders will be 22 April 2025, with the preferred partner expected to be chosen by November 2025.
Montagu Evans is advising Lambeth Council on its search for a development partner.
