Landowner Aviva Investors and developer Galliard Homes have received planning permission for a new £600 mln (€699 mln) mixed-use destination on London’s Old Kent Road.
The two companies plan to regenerate the 1.9-hectare Cantium Retail Park at 520 Old Kent Road into a series of new buildings ranging from three to 48 storeys, set around a new public square, pedestrian boulevards, piazzas and landscaped areas, fronting onto a new linear park.
The proposals for the site include a 48-storey, 160-metre residential tower, which will become the fourth tallest residential building in London once complete.
The new destination will provide 1,113 new homes, 60,913 sq ft (5,659 m2) of office floor space, 23,982 sq ft of retail space, 25,144 sq ft of flexible space for restaurants, café, cinema and leisure premises and 6,415 sq ft of space for cultural facilities. The shops, restaurants and cafes are expected to create up to 580 new jobs.
The landmark residential tower has been designed by Cecile Brisac and Edgar Gonzalez of Brisac Gonzalez while the other buildings have been designed by Alan Camp of Alan Camp Architects.
Helen Rainsford, senior director at Aviva Investors said: ‘Aviva Investors is pleased planning consent has been granted for the regeneration of Cantium Retail Park. Working with Galliard Homes, we believe we can create a superb residential-led mixed-use development that will transform the site for the benefit of the local area.’
Stephen Conway, executive chairman of Galliard Homes commented: ‘The regeneration of Cantium Retail Park will serve to kick-start the wider planned regeneration and transformation of the entire Old Kent Road into a vibrant new high quality commercial, retail and residential destination for South London.’