Faithorn Farrell Timms

In our role as Asset Manager, we provide advice in assessment of condition, responsive and planned maintenance works, and component life cycle advice on dwellings in the London Borough of Islington.

This is one of the first PFI Pathfinder projects to receive Government approval for housing and is the first Private Finance Initiative scheme to be implemented for the refurbishment of council houses.

It involves the regeneration of some 2,400 Victorian street property dwellings that have been neglected for many years. The refurbishment works, which will be undertaken over a five year period, will cost approximately £41 million.

Structural and external repairs, damp proofing, sound insulation, asbestos removal, replacement of kitchens, bathrooms and heating systems, re-wires and re-decoration will all be carried out under a Design and Build Contract.

The consortium has also been contracted to provide Housing Management Services, which involves rent collection, lettings and void management, plus responsive and cyclical maintenance for the next thirty years.

The Asset Manager role is vital to ensure that the properties are refurbished and maintained to strict standards set by the London Borough of Islington.

We will undertake condition survey inspections and construction monitoring, and maintain a strategic overview of the progress of the refurbishment contract. These, together with an asset management database, will enable us to accurately identify the current condition and availability for letting of every dwelling in the stock.