Bouygues out of race for Lambeth PFI scheme

Balfour Beatty, United House and the Regenter consortium have been formally asked by Lambeth council to work up detailed proposals for the regeneration of the Myatt’s Field estate in Stockwell, south London.

Bouygues, which secured a high-profile PFI scheme in Brent, north-west London, after entering the market for social housing projects last year, failed to make the final shortlist for the scheme.

Lambeth seeks to refurbish 172 council properties, demolish 305 and build 492 units, of which approximately half will be sold and the remainder rented out.
United House is working with Barratt Developments, funded by HBOS, with Servite Housing Association providing management services. Balfour Beatty is bidding with its housing contractor Mansell and the Sanctuary Housing group. The Regenter consortium includes Pinnacle Housing Service and Wates.