Council gives green light for residential redevelopment
DTZ Investors has secured unanimous approval at Southwark Planning Committee for the redevelopment of the Southernwood retail park on the Old Kent Road in south east London.
Currently housing four retail tenants: Argos, Sports Direct, DFS and Carpetright, the 2.5-acre scheme will be developed over two phases around the construction of the Bakerloo Line Extension from Elephant & Castle to Lewisham.
Once Southernwood is redeveloped it will comprise 724 homes (35% of which will be affordable) in buildings from 9 to 48 storeys in height. In addition there will be a 195-bed hotel, cinema and retail uses set around a public plaza .
Christian Birrell from DTZi said “The regeneration of Southerwood retail park will kickstart the regeneration of the northern section of the Old Kent Road, providing much needed homes for Londoners and vibrant new facilities for existing local residents. The scheme will be a marker for the proposed BLE station adjacent to the site. We are really excited about the benefits this scheme can bring to the Old Kent Road.”