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05May94 UK: HACKNEY TO REVAMP KINGSHOLD ESTATE.

Hackney council in London is calling on contractors and housing associations to get together to revitalise the borough's rundown New Kingshold Estate in a scheme worth at least £42 million.It is expected that additional work worth at least £80 million will come up for grabs on two other estates - Nightingale and Trowbridge - within three years.Work is expected to start on the Kingshold site by next April, with the project phased over five years.The chosen contractor's role will be to design and build the project which will involve about 530 homes and comprise mostly new build, but with some redevelopment.The contractor may be asked to raise private funding for at least part of the project.A Hackney spokesman said he expected the council would be 'flooded with inquiries from all the major house builders' for the Kingshold scheme.Laing is already working with Circle 33, which is leading a group of housing associations, on the £60 million redevelopment of nearby Holly Street estate. CONSTRUCTION NEWS