Real Homes

REAL success in Packington vote

Residents at Packington Estate have voted overwhelmingly in support of a £129.7 million regeneration project being led by Hyde Northside Homes in partnership with Rydon Construction and their new regeneration brand REAL.

In an unusually high turnout of over three-quarters of the residents, 89% of them voted in favour of the project, giving the green light to start working towards the transfer of all the stock to Hyde next year with the regeneration work starting shortly afterwards.

The estate is located in Islington, close to the Angel tube and overlooking the Regent’s Canal. It currently comprises 538 homes in 6-storey pre-cast concrete blocks which need to be demolished due to strengthening issues.

The project will replace the existing homes with 822 new, mixed-tenure homes in a scheme that complements the surrounding area and seeks to replicate the traditional Islington street scene with two new landscaped squares and a canal-side park. The proposals also include replacement of the existing shops and community facilities.

REAL will be the brand that Rydon will use to market the units to be sold, as part of the cross subsidy for the social housing element of the scheme.

Mark Mitchener, Director for REAL at Rydon said: “This is a tremendous boost for our efforts to establish REAL as a significant new brand in the regeneration market. It is a tremendously exciting project that will allow us to demonstrate the accumulated experience that the team behind REAL can bring to these schemes.