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7th January 2013
Kent County Council wishes to commence a housing regeneration programme in Margate, Kent. It focuses specifically on the two wards of Cliftonville West and Margate Central. The investment programme will build on the successes of recent investment made in Margate Old Town, centered around the Turner Contemporary art gallery. The housing regeneration programme will, through direct action, replace empty and poorly managed housing stock with high quality and well managed family housing to regenerate the area over an estimated period of 15 years. This will be done via a combination of refurbishment and redevelopment of housing premises and the total units affected will exceed 200 by both councils over the term of the project. The scheme will involve a partner acquiring, modernising or rebuilding housing units followed by letting them out privately for a number of years and later selling them to realise capital that will be re-invested in a further cycle of housing units. A market engagement exercise will be held on Monday 28th January 2013 at Sessions House, Maidstone and shape the final requirements of the specification of the contract.
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