Developer gets planning for 262 homes on former Carpetright warehouse site
Developers Avanton and Urban & Provincial have received planning permission from Southwark Council for the redevelopment of a former Carpetright Warehouse into 262 homes and 20,000 sq ft of office space.
Avanton said the scheme at 651 Old Kent Road, designed by architect Farrells, has a development value of £130m, and marks the third element in its £800m regeneration plan for the area set to deliver more than 2,100 homes.
The scheme will comprise two towers of 10 and 19 storeys respectively, with Avanton claiming “many” homes will have balconies and access to residents’ roof gardens. Under the permission, 40% of the homes provided in the scheme will be affordable, with 170 for private sale.
Avanton said the developers aim to start on site with the scheme early next year ahead of completion at the end of 2022.
The developer’s trio of schemes are part of the council’s wider £11bn regeneration plan for the Old Kent Road area of south London (pictured, left) designed to create homes and space for up to 10,000 jobs.