Home Commercial News Romford estate renewal worth £450m gets green light

Romford estate renewal worth £450m gets green light

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Romford estate renewal worth £450m gets green light

After the demolition work that started on Romford’s Waterloo Road estate last month, Havering Council planning committee has given approval for new flats construction. This development is a part of Havering Council’s ‘12 Estates’ regeneration programme.

Wates Residential is working as a joint venture partner for the project. A pair of 12-storey residential tower blocks is being demolished, along with 25 other blocks of two to six storeys. Wates will build 1,380 new flats at Waterloo and Queen Street in various replacement blocks.

The old buildings that are being pulled down have about 300 flats. Besides, most of the new flats will be for private sale to fund the £450m development. However, approximately 550 flats will be designated as ‘affordable homes for local people’.

The Havering and Wates Joint Venture has secured planning on both Napier and New Plymouth House in Rainham and Solar Serena Sunrise in Hornchurch, since its inception in 2018. Napier and New Plymouth House will be finishing with the construction soon.

The occupancy for both Napier and New Plymouth House will start from 2022. The £1bn partnership plans to rebuild 12 council estates to provide 3,500 new homes in the borough over the next 12 years.

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