£45m funding for Old Kent Road, London, development

The Ruby Triangle, Old Kent Road development project has sourced £45m of financing for the developer, Avanton.

The mixed-use development scheme on the site known as Ruby Triangle, Old Kent Road in London, SE15 will provide 1,152 units, of which 40 per cent will be allocated for affordable housing. The project spans 1.4 hectares, and includes two towers, one of 48 and one of 40 storeys, along with a church, a community sports hall and fitness centre and open space including a public park, flexible commercial space and private residents’ amenities.

Creating over a thousand homes, our development will help address London’s current demand for new homes. Like all our schemes, Old Kent Road will put the community first.

The development is close to the proposed underground station, part of the Bakerloo line extension. It is one of several new builds bringing regeneration to Old Kent Road bringing increased housing capacity to an area of London with significant development potential.

Omer Weinberger, Managing Partner, Avanton said, “Creating over a thousand new homes, our development will help to address London’s current demand for new homes. Like all our schemes, Old Kent Road will put community first and business startups will contribute to the regeneration of the Old Kent Road, area, making it a vibrant location for years to come.”