Out-Law News 1 min. read

South London gas holders to undergo £50m redevelopment

The London Borough of Sutton has granted planning permission to developer LXB Retail Properties PLC for the redevelopment of four gas holders into a mixed-use housing and retail scheme. 

The gas holders, which are located on a 3.85 hectare site in the northern part of Sutton town centre, will be demolished to pave the way for the construction of a 12,221 square metre Sainsbury's supermarket as well as four new residential blocks to comprise 186 homes and smaller shops.

The Council's development control committee resolved to grant permission for the proposals in December and the application was subsequently referred to and approved by the Greater London Authority.

The scheme is expected to create 209 full time jobs during construction and 463 full time jobs upon completion.

“This redevelopment scheme will lead to the regeneration of the northern part of the Town Centre and the surrounding area," said the Council's chair of the housing, economy and business committee Jayne McCoy in a statement. "The land will have multiple uses, so it will not only create employment opportunities, but it will provide high quality housing and attract new businesses to Sutton."

“We will work with partners to ensure that the project is successful, and we are committed to ensuring that local residents are consulted and involved at every step. Even during these challenging economic times, Sutton is very much open for business, and we are committed to encouraging positive developments like this one that will help our borough continue to thrive,” McCoy said.

Demolition and initial site preparation works are expected to start in the spring and the scheme is expected to be completed in early 2016.

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