Canning Town, London

Development advice and development management services

OUR BRIEF

BBP Regeneration provided recommendations for the establishment of a Long-term Management Company (LTMCo) for this major regeneration scheme, which sought to deliver a new high quality mixed use town centre and residential neighbourhood on a former council estate with notorious long-term social problems.

OUR APPROACH

The overriding objective was to set up an LTMCo that would ensure the development’s long-term success and sustainability following disposal by the developer. Our work identified opportunities for revenue generation to allow the Company to be self-financing – including in earlier years when a small proportion of total occupiers would be present.

OUTCOMES

A key challenge was devising a structure that balanced the involvement and relative levels of control between a diverse range of stakeholders, including Buoygues, LB Newham, One Housing Group, potential investors, existing residents, new residents and commercial occupiers. Identifying opportunities for revenue generation was also critical, as both Buoygues and LB Newham were clear that the Company had to be self-financing; a particular challenge was achieving this in earlier years, when a small proportion of total occupiers would be present.