Mears has announced that, subject to leaseholder consultation, the London Borough of Lambeth intend to award a long-term partnership contract to provide responsive repairs, void refurbishment, estate management, decent homes and planned maintenance.

The contract relates to the North housing region which includes around 8,000 of the 20,100 tenanted homes within Lambeth.

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The 7 year contract is valued at £170 million and is expected to commence in October 2010.

Bob Holt, Chairman of Mears, said: "Mears has long been recognised as market leader in terms of operational performance and tenant satisfaction in the Social Housing arena.

"Consistent with our strategy of winning quality contracts that provide clear and sustainable margins, Mears once again achieved outstanding scores in the competitive tendering process for the quality of our offering focused on service delivery and tenant satisfaction."

(CD/NS)