The final element of affordable housing delivered in conjunction with the NEO Bankside development has completed on Long Lane, Southwark. It brings the total number of affordable homes supplied to 132.
The final provision sits on a former brownfield site which had been vacant for a number of years. It was identified as an ideal location to deliver much needed homes for social rent and shared ownership due to its’ proximity to eight primary schools, a public basketball court and a children’s playground.
In addition to the delivery of 132 affordable homes, significantly higher than the 32 originally planned, the landscaping of the developments ensures significant public realm improvements for the area, while an additional £11m financial contribution was made to Southwark Council. Southwark Street as a whole has also been greatly improved through the development of what was previously a derelict, overgrown and unkempt site into two and three bedroom homes for social rent.
A representative of Native Land and Grosvenor, the co-developers behind the Stirling Prize-nominated scheme, said:
“The development of NEO Bankside has enabled us to deliver a significant number of newly built affordable homes in Southwark, far more than would have been achieved through on site provision alone. We have worked in close partnership with the Borough, the leading housing associations and our design team to ensure that we provide high-quality, and well-located homes in Southwark.”
Of the total affordable homes, 82 are social rented and 50 are shared ownership. All are located within the London Borough of Southwark and are no more than two miles from the NEO Bankside site, in the Borough/Bankside, Bermondsey and Walworth community council areas.
All the affordable homes have been developed in partnership with leading housing associations. Four sites have been delivered in partnership with Affinity Sutton, one alongside Family Mosaic and this final provision with Wandle.
John Walton, Head of Development at Wandle said “Affordable homes are increasingly vital in areas like this. By partnering with Native Land and Grosvenor, we have been able to turn an unused space into quality new homes and deliver much needed affordable housing for the people of Southwark.”