King’s Cross - London
The Client
Argent Group, London & Continental Railways and ExCel
The Background
King’s Cross is a major mixed-use regeneration scheme covering an area of 8 million square feet. When completed it is intended to provide almost 2,000 residential units, fully integrated into the surrounding community.
The Requirement
This experienced regeneration developer appointed Levvel in 2005 to assist in securing planning consent through:
Analysis of the existing housing market and preparation of a solution that would directly address all identified housing needs
Preparation and agreement of a Viability negotiation strategy and process, with the Council, The Mayor and Housing Corporation
Maximum utilisation of re-cycled receipts from intermediate affordable housing, through the identification of new affordable housing products
Why Levvel?
With the credentials of Levvel’s mould breaking holistic approach already successfully established at Stratford City, all parties were able to have a high level of confidence in the authority of Levvel’s viability proposals and assurance that the proposed affordable housing solution could be delivered.
The Levvel Solution
Utilising the principles of the ‘whole market’ approach and negotiation strategy previously put into use at Stratford City, Levvel undertook housing needs and market demand analysis and profiled existing housing stock, across the King’s Cross area. Funding and viability requirements were then established enabling an affordable housing solution that could be seamlessly integrated into the existing community infrastructure to be developed and built.
The Outcome
The Levvel approach persuaded the Council to accept the incorporation of a number of innovative affordable housing products into the overall housing mix.
As a result, Outline Planning consent was given in 2006 with a little under 42% affordable housing, including a residential scheme for the frail elderly.
levvel logo
Tel:+44 (0)7703 181185
Email: click here
V New Housing and Planning Bill has been introduced to Parliament by the government
... more >>
V Affordable housing: David Cameron's starter homes plan is not the solution
... more >>
©2016 Levvel Limited. All rights reserved. Terms and Conditions / site by CENCE / sitemap