South London estate agents – KALMARs – and commercial property experts – CBRE – have launched to the market a residential-led, mixed-use development opportunity in Southwark, Sylvan Square with a GDV of over £100M.
The Sylvan Square site is available to purchase freehold for investment, but is also open to Build to Rent and purpose-built student accommodation proposals through KALMARs or CBRE. Located on a 0.64 acre site with vacant possession, Sylvan Square currently has resolution to grant planning permission for 219 homes, of which 160 will be private sale – including 35% for affordable use.
As part of a wider master plan surrounding large scale regeneration, local amenities, design and existing connectivity, Sylvan Square is highlighted as extremely well suited for Build to Rent. The apartment mix is comprised of studio, one, and two-bedroom apartments which aim to attract individual young professionals and professional sharers. With 42% of Southwark’s population aged between 20-39 years old, KALMARs highlight that this is the market for a new Build to Rent scheme.
“This is a truly special development site, offering a blend of living and working space on a unique scale. Alongside superb design, the development team have worked hard to deliver exceptional green credentials that will appeal to developers, investors, and future residents alike. Sylvan Square is a fantastic opportunity, either as an investment purchase or development opportunity, within an area of London experiencing an exciting evolution. With potential for BTR or PBSA, Sylvan Square is a development opportunity not to be missed.”Sebastian Kalmar, Residential Director and Development Consultant, KALMARs
The Sylvan Square development is set to be a landmark tower – two buildings of five storeys and 32 storeys alongside 32,000 sq ft of commercial space, a landscaped public garden square, and 5,800 sq ft of communal private roof gardens. The buildings are set to be built with stylish red-brick frontage and towering windows that will provide an abundance of natural light while framing stunning views of the cityscape below.
In addition to the superbly designed living and working spaces, the forward-thinking development is raising the bar in carbon reduction for tall buildings and boasts exceptional eco-credentials. Drawing on expertise from specialist-built environment advisers committed to pushing the boundaries of sustainability, the development will benefit from an innovative energy strategy that provides 69% less carbon emissions and a 32% reduction in residents’ energy bills.
“Sylvan Square is in the prime position to capitalise on the surrounding areas increasing popularity and capture a new wave of growth. Sylvan Square has been designed with Environmental, Social and Governance (ESG) at its forefront and is set to be a leader in this field. Its eco-credentials appeal to both investors and occupiers, who are now more than ever motivated by developments offering a more positive social impact.”Jonathan Allen, Residential Development, CBRE
The Sylvan Square development sits on the site of the Daisy Business Park – located within the Old Kent Road Area Action Plan. It also forms part of the New Bermondsey regeneration area, with the area being earmarked for significant regeneration. This further promotes growth and revitalisation in terms of employment, housing, town centre facilities, and infrastructure whereby interested parties can be confident of its appeal.
Located off Old Kent Road, Sylvan Square benefits from a wealth of amenities. The site is positioned just a moments’ walk from Queen’s Road (Peckham) station with access to National Rail services towards London Bridge. New Cross Gate station is also within walking distance and provides access to the London Overground network. The upcoming New Bermondsey overground station – to be delivered by TFL by 2025 – will be 500m from Sylvan Square. The site is also located on a number of bus, road and cycle routes – offering residents’ extensive transport connectivity.
Sylvan Square is available to purchase with the guide price available on request through KALMARs and CBRE.