Lend Lease has secured planning permission from the London Borough of Southwark in the UK for the first phase of the proposed £1.5bn regeneration of the Elephant and Castle area in south London.
The first phase of the scheme will include regeneration of the Heygate Estate to create 235 new homes on a 1.14ha site, with 25% built as affordable homes.
Designed by de Rijke Marsh Morgan Architects, the new homes will meet Level 4 of the code for sustainable homes and requirements of the London Plan.
Phase one will include eight new residential buildings and include a range of new homes, including studios apartments to four bedroom houses.
Homes will be developed within a variety of landscaped habitat areas featuring a woodland walk, a rain pool, wetland feature, garden square and outdoor cafe space.
The development will also feature a new tree-lined pedestrian street to improve walking and cycle connections in the area, along with 291 cycle spaces, a children’s play area, new green space and public realm.
Sustainability features of the development include a private outdoor space, balcony or garden, underfloor heating and low-energy consumption.
Southwark Council cabinet member for regeneration Fiona Colley said the regeneration would deliver almost 5,000 new homes in the heart of the capital, 6,000 construction jobs, a new leisure centre, transport and infrastructure improvements, as well as a new park for local residents.
"Last month, we saw the Heygate masterplan given the go-ahead, which was a major milestone," said Colley. "This week’s decision is just as important as it means we, with our development partners, can start to bring those plans to life."
Lend Lease managing director of residential development in the UK Mark Dickinson said: "We have a 15-year development plan for the area and we’re committed to creating a healthy and thriving urban quarter that enriches and integrates with the surrounding, well-established neighbourhood."
Lend Lease said that the first phase of homes would go on sale in April, with construction starting later in 2013 and expected to be complete in 2015.
Image: The first phase of the development will feature 235 new homes on a 1.14ha site. Photo: courtesy of Lend Lease.