London borough of Bexley
A large-scale transformation of 1970s high-rise tower blocks, previously suffering from low demand and a poor local reputation into a modern, thriving community. Erith Park now offers 587 high-quality mixed tenure homes to rent or buy. Property values have increased by up to 40% between initial appraisal and sale and there has been a high demand for rental homes with around 400 applications for every home advertised.
Investment: £120 million contract value supported by grant funding of £28 million
Project team: Wates Living Space, Broadway Malyan, Clarkebond
Awards: Regeneration Project of the Year, RICS Awards 2016