London Mayor Boris Johnson has approved King's College London's proposals to redevelop a Southwark business park with 770 new student rooms, office space, affordable housing, shops and a healthcare centre.
Back in September, Southwark Magazine reported that councillors had approved the university’s proposals for Mulberry Business Park, at Canada Water.
However the magnitude of the scheme, which includes 4,490 sq metres of office space and 33 new homes, also required Johnson’s backing.
Head of college administration Ian Creagh said the green light for the scheme from Johnson would help it to provide more high quality student residential accommodation to meet both current and future demand.
"Canada Water offers an unparalleled opportunity for the college and the London Borough of Southwark to create a vibrant, unique centre that will benefit our students and staff and make a positive economic, educational and cultural contribution to the local community,” he said.
“The Mulberry site development is the first stage in achieving this.”
King’s is also looking to bring a new campus to the area as part of the redevelopment of nearby Harmsworth Quay.
A new website for the local community, which explains the council's plans for the regeneration of Old Kent Road, has been launched