Transport for London (TfL) recently said they would be making some changes to plans for the redevelopment of Southwark Station. We want to have a closer look at them today to see what it could mean for the area. Then, if you need block management in Southwark, you can speak to us.
The plan
TfL is now planning an over-station development (OSD) that will create 429 self contained student rooms. The idea is to deliver more housing for students to help reduce pressure on private housing in the area.
The new proposal would also involve the creation of a brand new building adjacent to the station. This would contain 40 new affordable homes. That would provide even more new homes to ease pressure on supply in the area.
As part of the work, there would also be operational improvements for the station, enhancements to the cycling storage, and rationalisation of the space. The latter would ensure that it aligns with the new use of the site.
TfL is really happy with the new proposals for the development. They say the designs will complement the area, including surrounding streets like Isabella Street. As a top provider of block management in Southwark, we’re also excited to see the creation of two new high rises.
Why the changes?
Originally, the plan was to build a 17 storey high rise above the station. It would have had a mix of office space, affordable workspace, retail, food, and beverage space. These plans had planning permission.
However, there was a review of the plan with a goal to maximise the shareholder and social value. Development manager Helical proposed that the purpose built student accommodation (PBSA) and affordable housing scheme would be better.
What next?
It will be interesting to see what happens next. As we said, there is already planning permission for the previous proposal. However, the changes should require new approval. This is something every developer should consider; you can’t just freely make changes and proceed with work. When permission is originally given, even small deviations from the plans can result in massive problems.
Papers accompanying the new proposal said that partners in the joint venture were still committed to OSD developments. They are looking at a number of projects at the moment, including for Bank and Paddington Triangle. Both are schemes seeking to create new offices above the stations.
Do you need help with block management in Southwark?
Finefair Ltd is the ideal team to work with if you have a portfolio containing blocks, estates, and other tricky assets. We can arrange solutions to manage them. Crucially, we can also offer guaranteed rent in the process. A service can provide all the help you need.
So, contact us today to learn more about how we offer block management in Southwark and more. We’re happy to explain what we do and can then tailor a service just for you.
