Property and infrastructure group Lend Lease has secured approval from Southwark Council in the UK, to construct 360 new homes on the site of the former Heygate Estate as part of £1.5bn transformation of Elephant & Castle.
The new homes represent the first phase of the Heygate master plan, for which Lend Lease secured council approval in 2013.
Phase one of the masterplan will feature 360 homes along the south-eastern part of the estate.
The areas new facilities will range from three-storey houses to a 16-storey tower, one, two, three and four-bedroom homes, with a preference for larger family homes.
All the new builds will feature a private balcony, terrace or private garden.
Sustainable features of the project will include water-saving technology focusing on urban nature, green roofs and green walls.
Southwark Council cabinet member for regeneration Fiona Colley said: "The 360 new homes will include 25% affordable housing and be a mix of attractive town houses and flats that will complete Wansey Street and complement the existing homes."
Maccreanor Lavington Architects is the architect for the first phase and Gillespies is the public realm designer.
Lend Lease project director for Elephant & Castle Pascal Mittermaier said that the master plan will create London’s largest new park for 70 years and that its new infrastructure will support sustainable transport.
"The homes that we are creating here will also be some of the most sustainable and energy efficient homes ever built in Britain," Mittermaier said.
Lend Lease has won planning permission for 1,443 homes in Central London in the past 12 months.
Lend Lease is also building the International Quarter, a £1.3bn commercial district at Stratford City in the Olympic Park, which will feature 320 new homes.
Image: Phase one of the master plan will feature 360 homes located in the south-eastern part of the estate. Photo: courtesy of Lend Lease.