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Marlowe Road development agreed by Council

At a Cabinet Meeting held today (17 March) Waltham Forest Council approved the move to enter into a Development Agreement with Countryside Properties (UK) Limited for the wholesale regeneration of the Marlowe Road estate off Wood Street in Walthamstow.

The Marlowe Road Estate was identified as a priority for intervention in 2010, with the preferred route for regeneration being for the Council to deliver in partnership with a developer, with the Council retaining the social housing element.

At the Cabinet Meeting details of the development agreement and other associated agreements for the redevelopment project were set out and approved. Councillor Khevyn Limbajee, Cabinet Member for Housing, said, “The agreement of Cabinet today to progress the scheme was a significant step for the project and the regeneration of Marlowe Road.

“It is good news for residents who have for many years suffered from crime and depravation associated with poor quality housing and poor design of the public spaces and walkways. We know this has resulted in low resident satisfaction and believe that once the redevelopment is complete Marlowe Road will be a much better place to live.”

The Marlowe Road Estate was built in the 1960’s and comprises 298 Council homes, 48 of which have been purchased under the Right to Buy scheme (RTB). The regeneration proposals were developed in consultation with residents and provide for the demolition and re-provision of 150 tenanted homes and the development of around 280 new private homes to cross subsidise the development.

A pre-planning application was submitted by development partner, Countryside Properties, in December 2014, and a full planning application is due to be submitted in May 2015. The target date for obtaining planning consent is September/October 2015 with a start on site early in 2016. This would allow the development to be completed in 2021.

The Development Agreement approved by Cabinet acknowledges that Countryside Properties will submit a planning application for the development and obtain a satisfactory permission; proceed with the development as outlined; and commit to making Community Infrastructure Levy (CIL) payments, which are estimated to be in excess of £2million.

The agreement will also make the Council responsible for ensuring they obtain vacant possession for each phase for the development by rehousing the tenants and purchasing the leasehold interests of existing leaseholders. The Council also commits to over £10million of staged payments for the 150 social rented homes to be delivered on a phased basis as part of the agreement.

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