Southwark approves Butler's Wharf scheme

Out-Law News | 27 Feb 2014 | 12:20 pm |

Southwark Council's planning committee has resolved to grant planning permission to Londonewcastle and investor The Third Quarter for a residential-led mixed-use scheme at 19 Queen Elizabeth Street in London's SE1.

Under the plans the existing four storey building will be extended and refurbished to provide nine warehouse style flats as well as 1,397 square metres of office space spread across two floors. The building, which was built in 1903, is located at Butler's Wharf on the south bank of the River Thames.

Grant of planning permission will be subject to the completion of a Section 106 agreement, which has been proposed to include a developer contribution of £700,000 as a payment in-lieu for on-site affordable housing.

“Queen Elizabeth Street is a beautiful and historic 19th century building in an exciting location which is now on the move again," said Londonewcastle chief executive David Barnett in a statement. "We look forward to realising the full potential of the development by delivering quality new apartments and workspace here with The Third Quarter."