Regal London has submitted plans to Southwark Council for a £313m mixed-use scheme on Old Kent Road, SE1.
The plans include 941-bed purpose-built student accommodation and 200 affordable homes across four buildings ranging up to 33 storeys.
Regal London acquired the two-acre Devonshire Place development, located at 747-759 Old Kent Road and 765-775 Old Kent Road in March.
The scheme will provide a range of amenities including cycle storage space, lounge areas, a gym, a GP surgery and retail space.
It is Regal London’s second PBSA venture following the Wembley development.
Simon De Friend, co-founder of Regal London, said: “Devonshire Place is the next step in Regal London’s diversification strategy, bringing our customary design excellence and flair to our second PBSA development alongside 200 new affordable homes that will be built onsite.
“The Old Kent Road has immense potential, and we are excited to be able to bring forward this significant new development and maximise the potential of this under-utilised brownfield space. Devonshire Place will be Southwark’s newest neighbourhood, with new green spaces, café and the potential for a new GP surgery.”
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