Plans unveiled for £36m mixed-use development in central London
A newly consented £36m mixed-use development has been given the green light in London’s Southwark.
Burgess Park View will provide 71 apartments and 15,480 square feet of commercial space and is available through joint sole agents KALMARs and CBRE.
The development, which has been designed by Alan Camp Architects, has a roof garden and public realm. It will also provide views over the largest park in Southwark.
The 0.24 acre site hopes to make intermediate and social rented housing available.
KALMARs and CBRE have priced the development’s one, two, and three bedroom apartments at around £740 per square foot in price. 92 per cent of the apartments available are expected to fall within the government’s Help To Buy scheme.
The development is close to the Old Kent Road Action Plan zone, which is undergoing a £10.7b transformation, aiming to provide 20,000 new homes and workspace for 10,000 new jobs.
Sebastian Kalmar, director at KALMARs, said: “The site is perfect for developers that work in trendy areas and are seeking units within Help To Buy pricing. The location is sandwiched between two of the coolest areas in London with more attractive pricing and future potential.”
Jonathan Allen, associate director at CBRE, said: “Burgess Park View is set to benefit from the substantial uplift that the regeneration and Bakerloo Line Extension will bring to the Old Kent Road area.”
He continued: “Whilst it is uniquely positioned as a gateway site to Burgess Park, its success is not dependent on the masterplan being delivered in the short term.”
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