Havering Council and Wates press pause on £1.2bn regen
Havering Council and Wates Residential have paused their £1.2bn joint venture development of the Waterloo and Queen Street site in Romford, Essex due to “continued regulatory uncertainty”.
The 12-estate regeneration plans were approved in 2021, which included the provision of 3,718 homes.
Havering Council selected Wates Residential as a partner for the council estate regenerations in 2018.
Havering Council and Wates Residential have paused their £1.2bn joint venture development of the Waterloo and Queen Street site in Romford, Essex due to “continued regulatory uncertainty”.
The 12-estate regeneration plans were approved in 2021, which included the provision of 3,718 homes.
Havering Council selected Wates Residential as a partner for the council estate regenerations in 2018.
The first phase of 12-estate regeneration began at Napier House and New Plymouth House in 2020, with Solar, Serena, and Sunrise Court beginning soon after. Construction in Waterloo Estate started in 2022.
In a statement released today, Havering Council and Wates Residential, said: “As a result of continued regulatory uncertainty, a decision has been taken by the Havering Council and Wates Residential joint venture to pause development of the Waterloo and Queen Street site in Romford.
“Regulations are likely to change to require two staircases in buildings over 30m. As we are at an early point in the construction process, we have taken an opportunity to pause while we get a better understanding of what new regulations will mean and to update the design to include a second staircase.
“Both parties remain firmly committed to delivering these new homes as part of their partnership.”
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