£500m mixed-use London King’s Cross scheme approved

Aaron Morby 1 week ago
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A £500m mixed-use regeneration scheme near London’s King’s Cross knowledge quarter is set to move ahead after securing planning consent.

Camden Council has driven the development model in partnership with Ballymore and Lateral for a challenging site at Camley Street bounded by railway lines and bisected by a large road.

The Council is bringing the scheme forward through its Community Investment Programme, which it argues sets up a development model for other councils to use at challenging inner city sites.

The approved plans knit together two brownfield sites at Camley Street to deliver 401 homes alongside more than 350,000 sq ft of office and employment space.

Around 50% of the homes will be classed as genuinely affordable.

The scheme will be delivered across six buildings ranging from eight to 30 storeys.


Site A will be home to three interlinked mixed-use terracotta/red brick blocks of flats ranging from 8 to 13 storeys, with Camden acting as lead developer.

Site B includes a 30-storey residential tower, a 12-storey commercial building, and a standalone eight-storey mixed-use building combining homes above with commercial space at ground level.

On this site, Camden provides the land on a long leasehold to the joint venture. While Ballymore leads on the demolition of Site B, the Council will initially fund these works, which will be later reimbursed by the partners alongside the first land receipt payment.

Over 200 private sale homes built by Ballymore on this site will generate the capital receipts that the Council is reinvesting to fund the social housing on Site A and other CIP projects.

Landscape-led design underpins the proposals, with new walking and cycling routes, play space and public squares prioritising health, wellbeing and biodiversity.

A car-free approach strengthens connections to Regent’s Canal and safeguards future links to the proposed Camden Highline, reflecting a wider shift among councils nationally towards low-car, active-travel neighbourhoods.

Camden said the development would generate more than 1,000 job and training opportunities, including apprenticeships and school placements, creating pathways into life science, technology and digital roles for local people while maximising the wider economic impact of the scheme.

The first homes are expected to be ready for occupation by late 2030.

The project team across both sites includes architects Feilden Clegg Bradley Studios and Morris + Company, Hoare Lea on MEP, Aecom and Gardiner & Theobald as cost consultants.

 

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