REG - Helical PLC - PLANNING APPROVAL SECURED FOR SOUTHWARK SCHEME

HelicalAnnouncement

06/03/2025 07:15

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RNS Number : 5469Z  Helical PLC  06 March 2025

6 March 2025

 

Helical and Places for London secure planning approval for student
accommodation and affordable homes development above Southwark Tube station

 

·      429 purpose built student accommodation (PBSA) units and 44
affordable homes will be delivered along with improvements to the public realm

·      Scheme above Southwark Tube's Jubilee line station will seek to
deliver the highest standards for sustainability

 

The joint venture ("JV") between Helical and Places for London, has received a
resolution to grant planning approval from the London Borough of Southwark for
the development of a 15 storey purpose-built student accommodation scheme
("PBSA"), comprising 429 studio apartments, and an adjacent nine storey
building comprising 44 affordable homes, above Southwark station.

 

Designed by architects AHMM, the development will include a new
Bauhaus-inspired block which will house the PBSA element, which will offer
students a best in class experience in what is one of London's best-connected
Zone 1 locations. With several universities within a short journey from the
station, the new development will also help to alleviate the demand on the
private rental market in the area.

 

The joint venture is targeting a 4.5-star Home Quality Mark for the scheme's
affordable housing provision and BREEAM Outstanding for the PBSA. It will also
offer new retail space and community space including a shared community
garden, as well as improvements to the public realm through an increase in the
amount of greenery and provision of active frontages on the Cut and Isabella
Street. Building works at the new development are expected to start in 2026
and complete in 2028.

 

The Southwark over station development is the one of three initial sites that
Places for London and Helical are delivering as part of their JV.

 

 A 140,000 sq ft office building at 10 King William Street is underway, and
due for completion in December 2026 in a supply constrained market in the City
core. Another office development of 235,000 sq ft at Paddington is progressing
and due to start early next year.

 

Matthew Bonning-Snook, CEO of Helical plc, added: "This planning approval is a
further positive step forward in our JV with Places for London. Whilst the
site benefitted from planning permission for a 220,000 sq ft office scheme, we
have brought forward a more valuable proposition. This important site will
deliver much in demand purpose built student accommodation and affordable
housing, along with high quality public realm and significant benefits to the
local community."

 

-ENDS-

 

For further information, please contact:

 

 Helical plc
 Matthew Bonning-Snook (CEO)  Address:     22 Ganton Street, London W1F 7FD
 Tim Murphy (CFO)             Website:     www.helical.co.uk (http://www.helical.co.uk)

                              Tel:             020 7629 0113

 FTI Consulting
 Dido Laurimore               Tel:             020 3727 1000

 Richard Gotla

 Andrew Davis

Schelical@fticonsulting.com (mailto:Schelical@fticonsulting.com)

 

 

 

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