SHARED OWNERSHIP
REGENERATION AREA Construction consultants McBains has completed part of two major multiuse developments in the Southwark Regeneration Area: Elephant One (Phase One) and Two Fifty One
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cBains’s involvement in the Phase One redevelopment of Elephant One, Elephant and Castle, in London’s Zone 1, has stretched over a decade.The team provided project management, contract administration and design services from its early planning phase in 2007, through to its completion in June 2018. The mixed-use development, opposite Elephant and Castle Shopping Centre, was designed entirely in Building Information Modelling and its construction was fully coordinated by the design team. This method helped reduce activity and pressure on site, benefiting the project and the local environment. Comprising three towers, of 374 apartments, 270 student rooms and 12 commercial units – including an on-site Sainsbury’s superstore and GymBox – the development is one of city’s first build-to-rent schemes. Two Fifty One Southwark Bridge Road is a single 41-storey residential tower, of 338 apartments, and a 7-storey office bloc. The flats include affordable, private, premium and premium plus. All of the 65 affordable and the majority of private tenure apartments are currently being completed and the final touches to the external features are set to be finished in October. Features at Two Fifty One include a communal lounge, gymnasium, club and conference rooms, a private cinema, a green wall and communal garden.
L&Q has opened up the current phase of 42 one and two bedroom shared ownership homes at Greenwich Peninsula to buyers across the whole of London. Greenwich Peninsula, in London’s new upper riverside neighbourhood, is becoming one of South East London’s fastest-growing communities, with museums, cinemas and restaurants a stone’s throw from the scheme’s riverside homes. The area is also home to the world-famous O2 Arena, hosting sell-out tours last year from acts such as Ed Sheeran, Drake and Take That. There is a wide range of transport links. These include the Jubilee Line from nearby North Greenwich station, which gets commuters into Waterloo and Bond Street in under 20 minutes, as well as the Thames Clipper and the Emirates Cable Car. Later this year, residents will also have access to the Crossrail at nearby Canary Wharf, providing fast connections to City Airport, Liverpool Street and Heathrow Airport. L&Q’s stylish homes are finished with modern kitchen units and co-ordinating worktops, as well as contemporary stainless steel appliances. Bathrooms offer sleek sanitary ware, including a fashionable steel bath. Each home is accessed through a video door entry system, and residents share a spacious communal terrace. A large proportion of apartments have balconies and there is secure cycle storage within the underground car park. Greenwich Peninsula, from £117,500 for a 25% share of a one bedroom apartment (full market value £470,000) and £148,750 for a 25% share of a two bedroom apartment (full market value £590,000), www.lqpricedin.co.uk/greenwichpeninsula, 0333 003 3730
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