Investment and development company Sellar has secured planning permission for the development of King’s Place; a 444-home PBSA scheme in Southwark.
The London-based scheme will be fully direct let, with eight affordable homes for local key workers and flexible office and retail space, following a unanimous decision from Southwark Council.
King’s Place will provide easily accessible connections to top universities, alongside double the average internal and external amenity per room compared to other schemes, and includes wheelchair-accessible studios.
The one-acre site occupies a prime location fronting Newington Causeway and Borough High Street, boasting excellent accessibility and transport links with access to multiple nearby educational institutions such as King’s College London and London South Bank University.
“King’s Place is redefining the design of student accommodation in London in a location with unrivalled connections to world class universities. To deliver exemplar student accommodation, the design focusses on health, wellbeing and comfort for students – rooms are generous and well lit, with abundant internal and external amenity spaces throughout. This, combined with its ease of access to central London, make the site the optimum location for student living. The project also furthers our long-term track record of working with and making a positive contribution to Southwark through regenerative developments, adding King’s Place to our successful projects at Shard Quarter and Bermondsey Yards.”James Sellar, Chief Executive, Sellar
The development is set to deliver 1,850 sqm of flexible work and retail space, including a corner café on Borough High Street, and a new pocket park that will be created on Harper Road.
In line with Sellar’s broader ambition towards sustainable development, King’s Place will be an all-electric building that can be carbon free through green power procurement.
Sellar is also aiming for BREEAM Excellent as a minimum target for the development, which is currently on track to be BREEAM Outstanding.
Morris+Company is the architect, DP9 acted as planning consultant and Savills advised on funding of the scheme.