Wates Residential and Orbit are delighted to announce that Bexley Councils planning committee has resolved to grant planning permission to redevelop the Arthur Street estate in Erith, South London in a £95m regeneration.
This follows on from the successful regeneration of neighbouring Larner Road into the award winning Erith Park.
Built in the late 1960s, Arthur Street consists of three 13 storey tower blocks and a number of low rise blocks providing 263 one and two bedroom flats, with some three bedroom maisonettes. Despite substantial investment since the transfer from the London Borough of Bexley in 1998, the blocks no longer meet modern standards.
Due for completion in 2022, the new scheme will feature 320 new homes, of which 80% will be for affordable rent and shared ownership with associated parking and public open space.
Caroline Field, head of regeneration at Orbit, said:
Were delighted to extend our partnership with Wates to continue our important regeneration work in Erith.
The redevelopment of Arthur Street will be about more than just bricks and mortar. It will provide an inclusive community for local people who want to live and work in London, but who also want to live in a friendly community. It will be a great place for people to live both now and in the future.
Glen Roberts, Operations Director for Wates Residential, commented:
We believe that everyone deserves a great place to live and the councils support for the regeneration of Arthur Street is recognition of our successful long-term partnership with Orbit, both in transforming the neighbouring Larner Road estate into the award-winning Erith Park, and now of our ambitious plans to further invest in Arthur Street.
We very much look forward to starting work on this exciting regeneration project and to bringing our joint vision to life – delivering much-needed, high quality new homes for local people, while bringing further economic and social value to Erith.
The regeneration of Arthur Street, is also set to benefit from over £10 million awarded through the governments Estate Regeneration Fund and the Greater London Authoritys Affordable Homes Programme.