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Council blesses Waterloo redevelopment

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Council blesses Waterloo redevelopment

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Published by Max Salsbury for 24dash.com in Housing and also in Development, Local Government

Council blesses Waterloo redevelopment Council blesses Waterloo redevelopment

Lambeth Council has given the green light for a £600 million redevelopment of Elizabeth House in Waterloo, which will include 142 new homes.

Two new buildings, one of 11 storeys and another of up to 29 storeys, will be built on the site. As well the 142 homes, 20% of which have been earmarked for affordable housing, they will provide retail space and office accommodation.

The scheme, which has been labelled "marmite" by planners, has sparked debate in the area. The council felt that the benefits for the area and the local economy made the scheme impossible to refuse.

The existing 1960s building sits between The Shell Centre and the former Eurostar terminal at Waterloo. The council says that the scheme will create at least 100 apprenticeships and 150 local jobs.

Cllr Lib Peck, Cabinet Member for Regeneration and Strategic Housing, said: “We feel the scheme supports our vision for the regeneration of Waterloo – new jobs, affordable homes, a greater variety of shops and substantial public realm improvements. Better access to the train and tube will improve the interchange; a new Central Square, re-landscaping Victory Arch Square and a new pedestrian-only public space in front of the former Eurostar terminal will open up the area making it an exciting destination.

“This scheme can unlock regeneration in this run down area of central London, including the international terminal, and is a stone’s throw from the South Bank. It can restore Waterloo’s status as an employment centre and encourage further investment in the area - which is good for Waterloo, good for Lambeth and good for London as a whole.”

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