· Developer, PPR Estates has received planning permission for the redevelopment of 840 Old Kent Road
· The scheme comprises the demolition of the existing single storey building and construction of 168 flats across two residential towers comprising 13 and 21 storeys.
· Stace LLP has been delivering project management and employer’s agent services to PPR Estates since 2017
Developer, PPR Estates has received the green light to develop 840 Old Kent Road.
The scheme will involve the demolition of the existing single storey building and construction of two residential towers comprising 13 and 21 storeys. The development will deliver approximately 16,900 sq ft of new retail space on the ground floor, below the residential towers. This space will rehouse Aldi in a much improved and modernised unit.
The residential towers will deliver 168 apartments between them. 35% of the new residential units will be affordable homes with a 70%-30% social and intermediate split.
This redevelopment is part of a wider regeneration taking shape along Old Kent Road. The site falls in the sub-area of OKR 17 as defined by Southwark’s Area Action Plan (AAP). The AAP calls for new frontages to Old Kent Road with shops, supermarket, cafés and restaurants at ground floor level and residential apartments above. The developing scheme improves upon the outlined Master Plan within the AAP and will be at the forefront of the planned re-generation; given its immediate deliverability.
The total regeneration taking shape in Old Kent Road is set to deliver 20,000 new homes, two new primary schools, 10,000 new jobs, as well as major investment in the Bakerloo Underground Line extension over the next decade.
Nick Hopkinson, Director at PPR Estates commented:
“We are delighted that our Old Kent Road site has received planning permission and look forward to delivering this development with the support of Stace’s expertise. Our approved scheme will create 168 much needed new homes, a new Aldi store and more local jobs. We are very proud to be delivering a substantially improved local environment and design integration with our existing neighbours; as well as the new Bakerloo Tube station opening next door by 2029.”
Simon Hugill, Partner at Stace LLP commented:
‘PPR Estates’ development on Old Kent Road is a significant addition to the ongoing regeneration in the surrounding area. Stace has partnered with PPR Estates since 2017, delivering project management and employer’s agent services.’
Stace LLP is providing project management and employer’s agent services, Bogle Architects and DP9 Planning Consultants also make up the project team.