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Southwark Council's Affordable SPD states that affordable housing in applicable developments should be located on the development site or exceptionally off site or through an in lieu payment. [19] Southwark accepted the applicant's explanations of why an in lieu payment would be appropriate, the value of which was agreed at £29m. [18]
Under previous plans the privately rented apartments were to be managed by Essential Living. The other 115 units are rented as affordable housing units by the Peabody Trust. A 300-seat flexible theatre space located in the building has been leased to the Southwark Playhouse, and it opened as a venue in January 2023. [8]
The building contains no affordable housing, with the developer Lendlease making a £3m payment in lieu towards the development of adjacent leisure facility, the Castle Centre. [ 7 ] [ 8 ] Including that payment, the sale of the land and proceeds from an overage deal, Southwark Council received £22m from the One The Elephant development which ...
Guinness Trust Buildings in Snowsfields, London Borough of Southwark. The Guinness Partnership is one of the largest providers of affordable housing and care in England. Founded as a charitable trust in 1890, it is now a Community Benefit Society with eight members. [1] Bloomberg classify it as a real estate owner and developer. [2]
Peabody Square on Blackfriars Road, Southwark, is a typical example of an early Peabody estate, and of pre-World War I social housing in London in general. Peabody Trust housing on Marshalsea Road in Southwark. The Peabody Trust was founded in 1862 as the Peabody Donation Fund and now brands itself simply as Peabody. [1]
The Heygate Estate was a large housing estate in Walworth, Southwark, South London, comprising 1,214 homes.The estate was demolished between 2011 and 2014 as part of the urban regeneration of the Elephant & Castle area. [1]