Read our response to Coronavirus (Covid-19) and what we’re doing to support your conveyancing journey. Find out more.
A landmark construction in south London is to be the centrepiece of a new development.
The Old Kent Road gasholder will become an architectural installation as part of developer Avanton’s £230 million project.
The gasholder is one of the few remaining Victorian gasworks in London. Now a Grade II-listed structure, it was the biggest in the world when it was completed in 1881.
Known as a gasometer, this type of construction was once a common site in UK cities and is a massive container that stores thousands of cubic metres of gas.
Avanton intends to build hundreds of homes and offices on the four-acre site. The gasholder will become the centrepiece, potentially including a pavilion, water features and gardens.
The developer has also bought two other sites on Old Kent Road. In total, the company will invest £800 million across the three sites, providing more than 2,100 new homes.
Omer Weinberger, managing director of Avanton, told the Evening Standard: “The £230 million scheme will result in a significant contribution to the local community through the provision of homes, a substantial commercial offering and public open space.
“Our trio of projects will help to spearhead the transformation of Old Kent Road into a new town centre for London.
“Along this, there is the planned extension of the Bakerloo line with two new stations on Old Kent Road.”
Fran is the content writer for Capital Conveyancing, producing articles on all aspects of the conveyancing process and around the UK property market in general. If there is a topic you'd like to see covered on these pages, please drop Fran a line on [email protected]