Bellway London Partnerships and Riverside Group have submitted plans to build 441 new homes as part of a regeneration project in Lambeth.
The joint venture plans to deliver high-quality affordable homes in London, with 135 of new homes at the development at Geoffrey Close Estate, off Flaxman Road, allocated for affordable housing.
Residents of the estate would be moved to the new homes as part of the regeneration plan. They have already been consulted on the plans and 67 per cent of participants in the decisive ballot voted in favour of the development. The ballot had an 87 per cent turnout.
If the plans are approved by Lambeth Council, construction work will start during 2021.
Bill Kenneally, Regional Director of Bellway London Partnerships, said: “This proposed regeneration project comes on the back of extensive planning, including a consultation process with existing residents in the area. The residents were given power to decide whether they wanted the regeneration to go ahead and a strong majority voted in its favour.
“This is a major landmark project for Bellway London Partnerships, along with Riverside Group, that will deliver much-needed new high-quality housing in London.
“The new homes will tangibly improve quality of living for the existing residents and provide new private and affordable homes.
“The scheme will reduce over-crowding, as well as improving the local environment and community safety through the regeneration of the site.”
The submitted plans include the demolition of existing buildings at Geoffrey Close, York Close and Canterbury Close before constructing six new buildings at the site, ranging in height from five to 13 storeys.
If the plans are approved, the joint venture will deliver 135 affordable homes, 306 market homes, 22 car parking spaces, 810 cycle parking spots, a residents’ gym and a community building.
Existing residents will only move from their current home once their new home is ready to be occupied.
Nathan Gravesande, Riverside Director of Development and Regeneration for London said: “We are delighted to be able to bring forward the regeneration of the Geoffrey Close estate with the support of residents, in partnership with Bellway as our Joint Venture partner and funding from the GLA.
“Without this support we would not be able to build the new homes and enhanced facilities, which will improve the lives of our existing and new residents for many years to come.”
For more information on Bellway London Partnerships see bellwayplc.co.uk/London-partnerships