Construction
Construction continues to boom Construction is a sector where Britain has a strong competitive edge. The council was handed the keys to new apartments on Blackfriars Road, Southwark, ready for local people in real need of a home to move in.
The new homes, designed by Maccreanor Lavington architects and built to extremely high specification by Barratt Homes for the council, will be let at council rent, 40 per cent of the market rent, and available first to people living in the direct vicinity. The homes are the first ones sold via S106 to a local authority by Barratt Homes and have completed over a year ahead of schedule.
The new homes are in one block of five new apartment blocks on the Blackfriars development. The nine storey property will house eight one bed, 40 two bed and eight three bedroom apartments, with a total of 336 homes across the whole development plus a £4.9m off site affordable housing payment, meaning the site provides 35 per cent affordable housing.
Southwark Council also recently announced a new partnership with housing association Clarion Housing Group to build more than 600 new homes in the borough. The partnership has been forged through the council’s Regeneration in Partnership Programme, which aims to provide new homes, improved public facilities and employment opportunities for local people through development partnerships. Clarion will be building 606 new homes on sites identified by the council in the centre and south of the borough.
We have world-class expertise in architecture, design and engineering, and British companies are leading the way in sustainable construction solutions. It is also a sector with considerable growth opportunities, with the global construction market forecast to grow by over 70% by 2025. More evidence of London’s construction boom has come with news that the city saw 3.9 million sq ft of new office space completed in just six months, delivering the largest volume of office space in central London for 13 years. The London Office
Crane Survey, published by Deloitte Real Estate, recorded 28 new construction starts over the six month period to March, compared to 40 in the previous survey. The construction sector is vital to the economy of Southwark. Since the Shard was completed five years ago, the tallest building in the UK has proven to be a focal point for the area and central to other building work across the borough. Much of the construction work is being driven by regeneration. For example, Southwark Council’s ambitious 11,000 new homes programme gained further ground as 56 new apartments became available for council tenants.
“More evidence of London’s construction boom has come with news that the city saw 3.9 million sq ft of new office space completed in just six months, delivering the largest volume of office space in central London for 13 years.”
Southwark BUSINESS TODAY
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