Regal London has submitted plans for 941 student bedrooms and 200 new on-site affordable homes at Devonshire Place, its second purpose-built student accommodation (PBSA) scheme Devonshire Place. Following extensive public consultation, the 0.7 hectare site is located at 747-759 Old Kent Road and 765-775 Old Kent Road opposite the proposed new Bakerloo Line station in the London Borough of Southwark.
The 200 new affordable residential homes equates to over 40% affordable housing by habitable room when considered alongside the student accommodation. Plans for Devonshire Place include the potential for a new convenience food store, GP surgery and new transport infrastructure upgrades.
“Devonshire Place is the next step in Regal London’s diversification strategy, bringing our customary design excellence and flair to our second PBSA development alongside 200 new affordable homes that will be built onsite. The Old Kent Road has immense potential, and we are excited to be able to bring forward this significant new development and maximise the potential of this under-utilised brownfield space. Devonshire Place will be Southwark’s newest neighbourhood, with new green spaces, café and the potential for a new GP surgery for all.”Simon De Friend, Co-Founder, Regal London
Regal London’s plans for the under-utilised brownfield site aims to create a mixed community through the creation of a community hub and café, open spaces and quality public realm providing greenery and access for all.
Devonshire Place, which the company acquired earlier in the year, provides an opportunity for significant large-scale investment whilst creating sustainable economic growth. The new development will support Old Kent Road’s facilitating growth anticipated by the Bakerloo Line Extension.