Willmott Dixon’s social housing arm Inspace has been named preferred bidder on the Bermondsey Spa regeneration project in Southwark, south London

The firm has been appointed to work on two phases of the Hyde Housing Group project, designed by Levitt Bernstein, in a deal worth about £39m. Work will include the demolition of 77 homes and construction of 319 that meet level three of the Code for Sustainable Homes. The project, which is due to start in the autumn, is part of a 10-year scheme to revamp the area.