Ocean Estate, in Stepney Green, was previously ranked as one of the most deprived estates in England. Today, after an intensive three year redevelopment programme, over 1,200 council homes have been refurbished and another 819 new homes have been built for social rent, shared ownership and market sale.
Red Loft played an important advisory role in the project. We negotiated the terms of the deal with the council, agreed the joint venture with Bellway and oversaw the design, planning and tendering processes right through to the initial build.
The multi-award winning regeneration scheme has transformed the area. All private sale and shared-ownership properties were sold within 18 months, whilst council maintained properties have been revitalised inside and out, including new kitchens and bathrooms. Externally there has been extensive planting, new children's play areas, a community centre and GP surgery.
The redevelopment was joint funded by East Thames Group (ETG), Tower Hamlets Council (LBTH), the New Deals for Communities (NDC) Programme and the Homes and Communities Agency (HCA).
< Return to Projects List