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PPR Estates has received the go-ahead for the redevelopment of 840 Old Kent Road in Southwark.
The scheme will include replacing the existing single storey building with two residential towers of 13 and 21 storeys each, delivering a total of 168 flats. Meanwhile, 181,910 sq ft of ground floor retail space will be let to budget supermarket Aldi.
Stace is providing project management and employer’s agent services, and Bogle Architects and DP9 Planning Consultants are also part of the project team.
Nick Hopkinson, director at PPR Estates, said: “We are delighted that our Old Kent Road site has received planning permission and look forward to delivering this development with the support of Stace’s expertise.”
While Simon Hugill, partner at Stace, added: “PPR Estates’ development on Old Kent Road is a significant addition to the ongoing regeneration in the surrounding area. Stace has partnered with PPR Estates since 2017, delivering project management and employer’s agent services.”
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.