London SE1 community website

New council homes on Blackfriars Road: Southwark in £10m deal

London SE1 website team

Southwark Council is to spend more than £10 million buying homes from a private developer in Blackfriars Road to let at council rents.

New council homes on Blackfriars Road: Southwark in £10m deal

The proposal was revealed at Tuesday's cabinet meeting by Cllr Mark Williams, cabinet member for regeneration and new homes.

The council is poised to announce a deal to buy out the affordable housing component of a development in Blackfriars Road which would otherwise be managed by a housing association.

No details of the number of homes to be purchased, or which developer is involved, have yet been released.

The new homes will count towards the authority's target of 1,500 new council homes across the borough by 2018.

The council is also spending £6 million on buying homes in Surrey Docks ward.

Barratt Homes currently has developments under way in both Blackfriars Road (Blackfriars Circus) and Surrey Docks (Redwood Park, Downtown).

Listen to audio
The SE1 website is supported by people like you
We are part of
Independent Community News Network
Email newsletter

For the latest local news and events direct to your inbox every Monday, you need our weekly email newsletter SE1 Direct.

7,000+ locals read it every week. Can you afford to miss out?

Read the latest issue before signing up

News archive from February 1999 to January 2001
Got a story for us?
Contact us with your tip-offs and story ideas.