Search

UCL and Newham Council axe £1bn campus deal for Carpenters Estate, Stratford

16:14 07 May 2013

Lund Point, used by the BBC during the Olympic Games, on the Carpenters Estate.

Lund Point, used by the BBC during the Olympic Games, on the Carpenters Estate.

Archant

A controversial £1bn deal to build a university campus on the edge of the Olympic Park has been axed leaving residents in further turmoil.

Newham Council announced today that exclusive discussions with University College London (UCL) over Carpenters Estate, Stratford, have been broken off for commercial reasons.

The deal-breaker now leaves the council free to negotiate with other interested parties.

Campaigners Carpenters Against Regeneration (CARP) have fiercely opposed the council’s decision to demolish and re-house residents rather than pay for refurbishments and the UCL partnership struck in October last year prompted protests outside the Town Hall.

Chairman Osita Madu said: “It’s good in the sense that we don’t want UCL to have the land and get rid of residents.

“But this means people now face further uncertainty about what will happen to their homes.

“I think CARP now need time to digest this information and decide how we move forward.

“But it’s a lesson for Newham Council and UCL about how they engage with the community.”

A Newham Council spokesperson said: “We recognise that this decision will bring further uncertainty for residents of the estate.

“We have already written to every resident on the estate to explain these developments and invited them to discuss any concerns they may have.”

They added: “A number of parties have expressed an interest in working with Newham Council to help regenerate the Carpenters Estate.

“These were not pursued while UCL and Newham Council were in exclusive negotiations.

“We will now reopen discussions with those and other interested parties.”

But both parties say they remain committed to building the campus elsewhere in Stratford.

A UCL spokesperson said: “This was an ambitious and extremely complex proposal and the process of intensive and lengthy examination has led us both to conclude that we cannot reach a commercial agreement.”

0 comments

Latest Newham News Stories

09:00

A boxing wordsmith is bringing his tales of life inside and outside of the ring to the borough.

London
Yesterday, 15:15

Upton Park is set to host one more match day before it is knocked down to make way for new housing.

Yesterday, 13:14

The London Olympics may be long gone, but Stratford Shopping Centre is continuing to set new records for the number of customers walking through its doors.

Netherlands
Yesterday, 09:14

A man who climbed onto the roof of a train station during evening rush hour last night has been arrested.

London Fire Brigade

Newsletter Sign Up

Most read news

HOT JOBS

Show Job Lists

Competitions

If you’re obsessed with Apple or just love a good gadget, this is a prize that will blow you away! An incredible £3,333 to spend on Apple goodies! How would you like to be the proud new owner of the Apple Watch?

Read more

As we grow older it becomes more and more important to have means to travel about safely and quickly. Our friendship groups and families grow and the need to have a car that is not only safe but also fast and big enough for all our needs is ever more important. There are many cars on the market for such needs but none deals with them as efficiently or as neatly as a VW Golf Estate. These cars are build strong, long lasting and spacious for a reason. They cater to the needs of many and are some of the most popular cars currently on the market.

Read more

Digital Edition

cover

Enjoy the
Newham Recorder
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now