Mayor rubber-stamps Avanton’s Carpetright redev

The Greater London Authority has approved plans from Avanton to build 262 flats at the former Carpetright site on Old Kent Road, SE15. Deputy mayor Jules Pipe has rubber-stamped the approval from Southwark Council last June. The delay from the GLA forced Southwark to request a time extension for the decision to be issued. Avanton and Urban & Provincial will develop the £130m scheme at 651 Old Kent Road. The scheme includes 40% affordable housing and 20,000 sq ft of commercial space. The scheme is the third element of Avanton’s £795m regeneration masterplan for the area, designed to deliver more than 2,100 homes, with a proportion as build-to-rent. Earlier this year, Avanton pledged £500m of investment into new London site acquisitions as part of a wider strategy to deliver 5,000 BTR homes. To send feedback, e-mail emma.rosser@eg.co.uk or tweet @EmmaARosser or @EGPropertyNews Image © Maccreanor Lavington