(Sharecast News) - Countryside Partnerships has entered into a joint venture agreement with Metropolitan Thames Valley Housing (MTVH) to deliver the significant regeneration of the Clapham Park Estate in Lambeth, after being selected last year as the preferred partner to deliver the scheme.
With a gross development value of more than £1bn, the project will remodel the area, which spans in excess of 40 acres, with around 2,500 new homes.
Co-interim chief executive officer Mike Woolliscroft said: "Countryside is delighted to be partnering with MTVH on this important project. It is an incredibly exciting opportunity to provide great new homes and places for the existing Clapham Park Estate community as well as those who move to the area.
"Now that our joint venture agreement has been entered into, and having recently commenced enabling works on site, we look forward to the first phase of development being delivered."
Countryside announced last week that it was putting itself up for sale after rejecting two takeover offers from US hedge fund Inclusive Capital on the basis that they "materially undervalued" the group and its prospects.
