Circle 33 Housing Trust is involved in bidding for two large London projects that are funded by the private finance initiative.
Islington council has been given permission to proceed to the final stages of the PFI process by the government and Circle 33 is now awaiting the outcome of its bid to improve 1000 of the council’s properties.

Its Homes For Lewisham vehicle is also bidding for a regeneration scheme in Lewisham. The £44.6m PFI project in Brockley covers 2000 council homes.

Lewisham council will open the negotiating process later this year and hopes to sign final contracts with the successful bidder by October 2003.

Homes for Lewisham is made up of Circle 33, Willmott Dixon and the Royal Bank of Scotland. It is one of four consortia shortlisted by the council.

The others are B3, made up of Laing Investments, Laing Partnership, Pinnacle and Dexia; the Brockley Partnership, comprising Hyde, Wates Construction and the Nationwide; and Partners for Improvement in Lewisham, made up of United House, Hyde Housing Association and the Bank of Scotland.