Aylesbury Estate development partner sought

Wed 19 September 2012, 2:25 pm

Southwark Council has launched the search to find a development partner for the 3,500-home regeneration of the Aylesbury Estate.

A notice in the Official Journal of the European Union proposes a 20-year development agreement with the potential to extend for a further 10 years, Estates Gazette reported.

It said the authority had switched from its original plan of regenerating the estate in nine stages - for which London & Quadrant were selected for the first two - to a development-partner model for the remaining work.

The move would follow similar lines to Southwark’s agreement with Lend Lease for the £1.5 billion regeneration of  Elephant & Castle.