Former Toys R’Us site to be transformed into hundreds of new homes

A new mixed-use development on the former Toys R’Us site on Old Kent Road has been granted planning permission.

London Borough of Southwark’s virtual planning committee unanimously approved plans for the Devonshire Square development last week.

Led by Shaw Corporation, acting as strategic advisors on behalf of Barkwest Limited, part of David Pearl’s Structadene group of companies, the development will see the construction of up to 565 new homes.

In addition, the project is set to deliver over 4,700 sq m of employment floorspace with the re-creation of a high street on Old Kent Road, creating hundreds of new jobs.

The scheme will sit opposite a planned new Bakerloo Line station, and is part of a wider regeneration of the Old Kent Road Opportunity Area.

Work on the development is expected to commence in 2021.

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