Linkcity has been named by Southwark Council as the developer of 700 new homes on the Tustin Estate on Old Kent Road.
The multi-million-pound scheme will include replacing all 200 existing council homes on the estate, plus an additional 220 council homes, 50 shared equity properties and a further 220 homes for sale, alongside a central park, several refurbishments and at least 1,800 sqm of commercial floorspace.
Construction will begin towards the end of 2022 and is planned to be completed in summer 2028.
“We are delighted to welcome Linkcity to the Tustin Estate and look forward to working with them and our residents to build quality new council homes,” said Cllr Stephanie Cryan, cabinet member for council homes and homelessness.
“Southwark has one of the most ambitious council house building programmes in the country and the work on Tustin Estate will not only help us reach our aim of providing new housing but also enhance the estate for current residents,” she added.
Linkcity will create around 200 new homes to rehouse current tenants of the estate in the initial phase of development.
A further 440 homes will be built over the next three years across two additional phases, with at least half of these designated as affordable housing.
Tom Jackson, development director at Linkcity said: “We’re delighted to be working in partnership with Southwark Council and the Tustin Estate residents to deliver the first project on Pagabo’s Developer Led Framework. It’s a great opportunity to provide social and economic value through local employment and education opportunities, as well as new homes for this thriving community.”
Linkcity, which is part of the French Bouygues Group, is behind several large-scale developments in London, such as Hounslow House in Newham, Westminster University Technical College and Canning Town’s Hallsville Quater.
Development of the Tustin Estate has been broadly supported by residents, who voted in favour of redeveloping the area by a large majority in 2020.
“There was extensive consultation and an independent vote was undertaken where residents had five different options to choose from, one of which was to refurbish each home. Only eight per cent of residents voted for the option to refurbish the homes,” said Cllr Cryan.
“There was then a final ballot on the option to demolish and replace the 202 homes and 87 per cent of residents voted for this,” she added.