New £600m town centre on Old Kent Road gains planning consent

Property & Construction | South East

London new residential buildings with sunsetLandowner Aviva Investors, in conjunction with London developer Galliard Homes, has planning permission from Southwark Council for their proposals to regenerate the Cantium Retail Park into a new £600m mixed-use destination for the Old Kent Road.

This development includes a landmark 48-storey residential tower, which will become the fourth tallest residential tower in London once complete.

Situated at 520 Old Kent Road, the 1.9-hectare Cantium Retail Park will be redeveloped to provide a series of striking new buildings ranging from three to 48-storeys, designed around a new public square, pedestrian boulevards, piazzas and landscaped areas, fronting onto a new linear park.

The new development will have a six-year construction programme. Existing Cantium Retail Park anchor tenants will be included in the development and the developers are holding discussions with other tenants about making provisions for them within the scheme.

Helen Rainsford, Senior Director at Aviva Investors said: “Aviva Investors is pleased planning consent has been granted for the regeneration of Cantium Retail Park. Working with Galliard Homes, we believe we can create a superb residential-led mixed-use development that will transform the site for the benefit of the local area.”

Stephen Conway, Executive Chairman of Galliard Homes said: “Galliard Homes is delighted to be working with our partner Aviva Investors to deliver another major regeneration project in Southwark, creating a vibrant new destination on the Old Kent Road. The regeneration of Cantium Retail Park will serve to kick-start the wider planned regeneration and transformation of the entire Old Kent Road into a vibrant new high-quality commercial, retail and residential destination for South London.”

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