{"id":38627,"date":"2018-02-15T14:38:12","date_gmt":"2018-02-15T14:38:12","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=38627"},"modified":"2018-02-15T14:38:12","modified_gmt":"2018-02-15T14:38:12","slug":"sadiq-khan-approves-offsite-building-croydon","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/sadiq-khan-approves-offsite-building-croydon\/38627\/","title":{"rendered":"Sadiq Khan approves 21-storey offsite building in Croydon"},"content":{"rendered":"

The mayor of London, Sadiq Khan, has approved plans for a new 21-storey offsite building in Croydon<\/h2>\n

The offsite building, which will be one of the tallest schemes of its kind, will have up to 100% affordable housing and is being developed by\u00a0Pocket Living<\/a>.<\/p>\n

Mayor Khan gave the go-ahead to a development at Addiscombe Grove in Croydon, more than 70% of which has been secured as affordable for first-time buyers<\/a> to purchase at a discount to the market price.<\/p>\n

Pocket Living has further agreed in principle to make the remaining homes available for shared ownership, making all 153 homes affordable.<\/p>\n

The announcement comes just months after Pocket Living agreed on a deal with Khan for\u00a0\u00a325m of City Hall funding\u00a0to support 1,059 new homes<\/a> from the developer, a third of which are expected to be offsite buildings. This funding has helped Pocket build more high-density flats on brownfield sites<\/a>.<\/p>\n

Pocket typically provides one or two-bed flats for first-time buyers, which are usually sold 20% below the market rate. It can afford this as it builds its flats smaller \u2013 at 38 sq m \u2013 than the 50 sq m usually required by the Greater London Authority\u2019s London Plan<\/a>.<\/p>\n

The homes in this latest scheme are for discounted market sale and affordable with a 5% deposit to households with an income of \u00a339,000, and they can only be sold to residents and workers in the borough.<\/p>\n

Khan said: \u201cTackling London\u2019s housing crisis<\/a> requires bold new approaches. We know turning things round will take time, but offsite construction is an innovative way to speed up building the affordable homes our city needs. I invested in Pocket Living to help them build genuinely affordable homes that are sold to local people first.\u201d<\/p>\n

Marc Vlessing, chief executive of Pocket Living, added: \u201cWe\u2019re delighted that the mayor has approved our exciting first scheme in Croydon. At Pocket, we always aspire to lead the way. Addiscombe Grove is a great example of this, where we are aiming to use modular construction to deliver homes faster and increase the genuinely affordable housing<\/a> provided from 73% to 100%.<\/p>\n

\u201cOnce again, the mayor has shown his commitment to tackling the housing crisis through backing innovative solutions that deliver significant levels of affordable homes.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

The mayor of London, Sadiq Khan, has approved plans for a new 21-storey offsite building in Croydon<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[942,304],"tags":[666,571,627,696,650],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-38627","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-mmc-news","7":"category-planning-construction-news","8":"tag-affordable-housing","9":"tag-housing-crisis","10":"tag-modular-construction","11":"tag-offsite-construction","12":"tag-starter-homes"},"acf":[],"yoast_head":"\nSadiq Khan approves 21-storey offsite building in Croydon | Planning, Building & Construction 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