Zone 1 Regeneration Site Sold
Kingsbury, along with joint-agents Knight Frank were appointed to sell a regeneration site within the Elephant & Castle Opportunity Area on Walworth Road.
237 Walworth Road was a cleared site of approximately 0.75 acres and had planning consent for 67 apartments (59 private units & 8 affordable units) with an approximate Net Saleable Area of 49,955 sq ft along with a planning consent for a Student scheme comprising 143 bed spaces plus 6 affordable units and 1 private unit with an approximate Net Saleable Area of 42,292 sq ft.
The site was sold in June 2015 for £10,500,000 with vacant possession ready for development to begin.
The regeneration of Elephant & Castle will see the area receive an injection of £1.5bn over the next 15 years. The regeneration will include the creation of a new pedestrianised town centre, market square, up to 450,000sq ft of retail space, an integrated public transport hub, and five new green spaces.
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