£600m Old Kent Road mixed-use development gets planning green light
Planning consent has been granted to transform the Cantium Retail Park development in Old Kent Road into a £600m mixed-use development.
Landowner Aviva Investors has collaborated with London developer Galliard Homes to propose the Cantium Retail Park regeneration, will provide 1,113 new homes and create up to 580 jobs in its hospitality, leisure and cultural spaces.
Aviva Investors senior director Helen Rainsford commented: “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.”
Plans for the site include the construction of a range of apartments, maisonettes, penthouses and townhouses, with a landmark 48-storey building which will be the fourth highest residential tower in the city. External space will be redesigned to incorporate a new public square, pedestrian boulevards, piazzas and parks areas.
In addition to residential properties, the development will offer 60,913 sq ft of office space, 25,144 sq ft of restaurants, cafes, cinema and leisure units and 6,415 sq ft for a new cultural facility such as a youth theatre or mini-opera house.
With a scheduled six-year construction programme, Aviva Investors and Galliard Homes will work with existing Cantium Retail Park anchor tenants throughout the development, discussing plans and making alternative provisions where necessary.
Stephen Conway, executive chairman of Galliard Homes added: “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.”
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