Thursday, June 07, 2007
Regenter B3 is set to commence a £165m (NPV) PFI project to refurbish and manage over 1,200 local authority homes in Brockley, Lewisham, South East London.
Regenter will carry out the project in two phases: a refurbishment phase being carried out by Higgins Construction Plc commencing in August 2007 with completion due in 2010; and then an operational phase with its delivery partners Pinnacle and Equipe, who will provide Neighbourhood and Estate Services, repairs, maintenance and life cycle replacement throughout the remaining 17 years of the concession period.Deputy Mayor of Lewisham, Cllr Heidi Alexander, said: “We have chosen Regenter to carry out this vital project in Brockley, as they have a proven track record in delivering major PFI projects on time and budget. Through this partnership we will create high quality homes for our local residents.”
Regenter Bid Director, Vikki Everett, said: “We are delighted to have reached financial close on this exciting project and look forward to improving the quality of homes for the local residents in Brockley.
“This is a particularly interesting project, as Brockley has a large conservation area. The challenge for us will be to upgrade the homes to the Decent Homes Standard whilst preserving the style inherent in the conservation area.”
This is the Regenter’s third project to reach financial close since its formation in 2004.
End
For further information contact:
The Madano Partnership 020 7593 4000, or
Christine Jones, communications manager at John Laing on 020 7901 3200
Notes for Editors:
· Regenter Limited is a company dedicated to investing in and delivering social housing and community regeneration projects. Through our two shareholders, John Laing Social Infrastructure (a wholly owned subsidiary of John Laing) and Pinnacle Regeneration Group, Regenter has brought together unequalled experience in PFI, housing, regeneration and community management.
· Regenter is successfully delivering refurbishment and neighbourhood services to the residents of over 1,000 homes in
· Regenter’s joint-service project, Bentilee Hub in
· Equipe is a joint-venture between Equion Facilities Management Ltd (a wholly owned subsidiary of John Laing plc) and Pinnacle PSG.
· For more information, visit Regenter’s website at http://www.regenter.co.uk/
· Higgins Construction PLC was founded in 1961 (as D J Higgins and Sons Limited) and for over forty years has operated as a community constructor in the public and quasi-public sector of affordable housing, education and healthcare
· Further information regarding press releases for Higgins Construction PLC can be obtained through contact rob@ridgemountpr.co.uk