PPR Estates has received the green light for the redevelopment of 840 Old Kent Road, Southwark.
The scheme will involve the demolition of the existing single storey building and construction of two residential towers comprising 13 and 21-storeys delivering a total of 168 flats.
The development will also comprise 181,910 sq ft of ground floor retail space, which will be let to budget supermarket Aldi.
Stace is providing project management and employer’s agent services, while Bogle Architects and DP9 Planning Consultant also make up the project team.
“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,” said Nick Hopkinson, director at PPR Estates.
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.”