Two major planning applications have been approved that will provide more than 1,600 new homes, as well as retail and office space just off the Old Kent Road.
A development at Malt Street with 1,300 new properties has been approved, which will include 83 new social rented homes and 48 intermediate homes in the first phase.
The application that includes affordable retail space contributes to the new Surrey Canal Linear Park, and was approved by the council’s planning committee in June.
The Malt Street site, located just off Old Kent Road, is currently used primarily for storage and by Travis Perkins as a builders’ merchant.
The new development will be made up of 11 new buildings from five to 44 storeys, and will offer 40% affordable housing. This is an increase on the 20% originally offered and at least a quarter of the housing at the site will be social rent.
The second scheme is on Verney Road where the planning committee approved a further 338 new homes, which has 112 affordable homes made up of 79 social rented and 33 intermediate rent.
The development will consist of three buildings at 18, 19 and 24-storeys and will provide space for offices, workspaces and landscaping.
Councillor Johnson Situ, cabinet member for growth, development and planning, said: “We’re committed to delivering the social rent and genuinely affordable homes Southwark needs.
“With the addition of these recent applications, we’ve already secured over 1,000 social rent homes along Old Kent Road and we’re continuing to push developers to provide as much essential affordable housing as possible, especially at social rents.”
For more news on what is happening on the Old Kent Road head to: https://oldkentroad.org.uk/news-events
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