ONE of the biggest regeneration schemes in Winchester history is today teetering on the edge of collapse.

Thornfield Properties has been placed in administration, threatening the £100 million Silver Hill Renaissance.

It had envisaged a massive redevelopment in Winchester city centre, between the Broadway and Friarsgate.

The scheme proposed hundreds of homes, shops, bus station and community facilities in the rundown area around Tanner Street and Silver Hill.

In a statement the city council said: “We understand that control of the company has been taken by its bank, Lloyds Banking Group. The bank has appointed a major national property company to review the schemes that Thornfield was bringing forward.

“We have no information on their view of the Silver Hill project at present but will have discussions with the administrator and its advisors as soon as possible."

For full story see next Thursday's Hampshire Chronicle.

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