Secretary of State approves Ruby Triangle scheme

The Ruby Triangle scheme has passed the final stage of planning approval. This includes Secretary of State approval and the signing of the Section 106 agreement.

Ruby Triangle, which will be built on a wedge of land between Sandgate Street, Verney Road and Old Kent Road, is a joint venture between A2 Dominion Housing and property developer Avanton.

It comprises 1,152 apartments of 1-3 bedrooms, of which at least 40 per cent will be affordable homes.

It will also deliver a new sports hall as well as business space, commercial and retail uses, a tech incubator hub, a cycle hub and a public park.

The council resolved to grant planning permission for the scheme last October, and with approval from the Mayor of London and the Section 106 agreement signed, the scheme could now start on site by the end of 2019.  The project is expected to take five years to complete, although residents should be able to move into the first phase by the end of 2021.

Cllr Johnson Situ, Cabinet Member for Growth, Development and Planning at Southwark Council commented: “The vision for Old Kent Road is to build on its unique creative character, a place where industry can thrive alongside new homes and quality open spaces. Delivering on our commitment to the households on our housing waiting list with an additional 5,000 new socially rented homes planned for the area.

The Ruby Triangle scheme represents a significant step in delivering on that ambition. With more than 1,000 homes to be built on site, this one scheme alone will deliver 250 of the 5,000 new social rent homes that we intend to build across the Old Kent Road area. In total, 40 per cent of the homes on this site will be genuinely affordable homes. With a new park, children’s play area and sports hall thrown into the bargain, I look forward to visiting as soon as work gets under-way”.

Jules Pipe, London’s Deputy Mayor for Planning, Regeneration and Skills, said: “This is a hugely exciting scheme that will deliver much needed new homes and jobs, together with community facilities on Old Kent Road as the Mayor of London and Southwark Council work together to regenerate this part of the capital. I’m pleased that this scheme will deliver a significant amount of genuinely affordable homes, including many at social rented levels.”

Omer Weinberger, Managing Partner, Avanton said: “People and Community are at the heart of Avanton.  We build places for people, by people and are proud  to have increased our affordable housing to over 40 per cent at Old Kent Road”.