Southwark prices soften 3.7% as flatted resales set the lender comparables

Discharge of Schedule 10, Clause 2.1 'Estate Management Plan' of the Section 106 Agreement associated with permission 19/AP/1773, which gave consent for: "Demolition of existing buildings and the erection of a part 2/3, 9 and 28 storey (up to 94.65m AOD) mixed-use development comprising of 3,581 sqm including 2,538 sqm of industrial floorspace (Use Classes B1c/B8) at ground and intermediate levels, 598 sqm of internal loading yard, 445 sqm ancillary plant and equipment; and 253 residential apartments (C3), 35.75% affordable by habitable room, and other associated infrastructure".

Schedule 8, Clause 2.2 Public Realm Works relating to Phase 1 Tustin Estate (refs: LEG/RP/PL/S106RR020/339 / 22/AP/1221) for Hybrid application comprising a full planning application for Phase 1 comprising the demolition of Hillbeck Close, Ullswater House and garages at Manor Grove and the erection of four buildings at 2/3-storeys (D1 and D2), 5/9-storeys (C) and 7/13-storeys (G1) providing 167 homes (Class C3) with associated parking, public realm, open spaces, landscaping and ancillary infrastructure; and the refurbishment of properties at Manor Grove. Outline planning permission (all matters reserved except for access) for phases 2, 3 and 4 comprising the demolition of Bowness House, Pilgrims Way Primary School, Kentmere House and Heversham House and the erection of 12 buildings (A, B, E1, E2, E3, E4, F1, F2, G2, H, J and Pilgrims Way Primary School) ranging in height from 2 to 21 storeys to provide up to 57,786 sqm of floorspace (GEA), comprising up to 523 affordable and market homes (Class C3), up to 3,452 sqm (GEA) of flexible commercial floorspace (Class E, F1 and sui generis) and up to 2,214 sqm (GEA) of educational floorspace (Class F1) including temporary space for the children's centre, with associated parking, public realm, open spaces (including MUGA), landscaping and ancillary infrastructure. Providing a total of 690 homes (Use Class C3) and 5,666 sqm (GEA) of non-residential floorspace (Use Classes E, F1 and sui generis)

Details to satisfy Schedule 8, paragraph 1.4 with the energy efficiency assessment at first occupation, in respect of planning permission ref. 20/AP/3285 dated 20/04/2022 for 'Demolition of all buildings on the site and construction of a development of 91 residential units within four buildings (a 7-storey Block A building, a 6-storey Block B/C building and two buildings in Block D of 2- and 4-storeys), together with alterations to the retained basement, provision of car and cycle parking and landscaping.'

Erection of seven-storey building, plus basement to provide eleven dwellings with commercial and community floorspace on the ground floor, including associated landscaping, parking and refuse storage.

Erection of a part single and part 4 storey rear extension. Part demolition at first floor, along with first and second floor extensions and reconfiguration and a third floor roof extension. Creation of a central courtyard and associated amenity spaces and stairwells. Reconfiguration of existing commercial units (use class E) including increased ground floor provision. Conversion of upper floors and new build elements to create 9 residential dwellings (use class C3) along with associated entrances, cycle and refuse storage.

Demolition of the existing supported living accommodation in association with hostel use at Springfield Lodge (8 units) (Sui Generis Use) and construction of new supported living accommodation in association with hostel use at Springfield Lodge (9 units plus office and music studio) (Sui Generis Use).