CBRE achieves planning permission for major London regeneration scheme
On behalf of Orbit South Housing Association and Wates Residential, CBRE’s Planning team has secured a resolution to grant planning permission for the redevelopment of Park East in the London Borough of Bexley.
The proposals allow for the demolition of the existing, largely mono-tenure estate, and its replacement with a high-quality new scheme to create a mixed and balanced community, comprising 320 new homes, 80% of which will be provided as affordable housing.
Sarah Stevens, Senior Director, UK Planning at CBRE said: “This was a complex application to bring forward, with the proposals having to balance the London Plan’s requirement for estate regeneration schemes to provide like-for-like replacement, alongside the important objective of creating mixed and balanced communities.
“Once Park East is completed it will have a wider role in contributing to the regeneration of Erith and Slade Green, and will provide a mixed tenure community which maximises the delivery of affordable housing.”
According to CBRE residential research, the London Borough of Bexley is experiencing significant regeneration, and is set to benefit from the new Elizabeth Line station at Abbey Wood.
Wates Residential intends to commence work on site this year and the scheme is due for completion in 2022.