Mixed-use scheme on Southwark Street expected to start in 2019
A joint venture between regeneration specialist developer U+I and Notting Hill Housing has bagged its second scheme with Transport for London (TfL).
Called, Triangle London Developments the team will carry out work on a mixed-use scheme at Landmark Court on Southwark Street, which is within walking distance of London Bridge station.
The site has the potential to deliver about 130,000 sq ft of new commercial, retail and workspace and 80 new homes, of which at least 35% will be affordable.
The scheme is aiming to start on site in 2019 with completion scheduled for 2022.
The site was used by London Underground during the construction of the Jubilee line extension back in the late 1990s and by Network Rail as part of its Thameslink works at nearby Borough Market which saw a viaduct built by Skanska open at the beginning of last year. More recently it has been used as a car park and a venue for film location units.
U+I deputy chief executive Richard Upton said: “This is an important site for the neighbourhood and an important site for London.”
This latest development has been awarded after the housing committee for the Greater London Authority (GLA) published a report criticising TfL lack of progress in bringing forward sites for development.
GLA Conservative member Andrew Boff said London mayor Sadiq Khan’s affordable housing targets are impacting on Transport for London’s plans to build 10,000 homes by 2020.