Friday, February 02, 2018

Lendlease: Someone Has Blundered

Elephant Park construction site, Southwark

Lendlease's controversial deal with Haringey Council may be looking precarious, but the developer is still going strong in Southwark, where it is replacing 1194 social rented flats on the once publicly owned Heygate Estate with a paltry 74.  A further 500 of a total of 2500 new homes in its Elephant Park scheme will be let at so-called 'affordable' rents, and the rest sold off. Purchase of a one-bed, shared-ownership flat requires a minimum household income of around £60K.
The now demolished Heygate Estate, 2002

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