Tribeca Square, a new development in Elephant & Castle, will provide 373 new homes for rent. The project, being developed by Delancey and Dutch pension fund backers APG, recently secured finance to start work, and will make flats available to the private rented market on one, two and three year tenancies.
As well as the homes, Tribeca Square will include 272 units of student accommodation, a Sainsburys supermarket, four screen cinema, shops and restaurants.
The completed flats are likely to be managed by Get Living London, a company set up to manage homes in East Village, part of the development around the former Olympic Village in Stratford, also involving Delancey.
Alongside this project, the Delancey-APG pairing also plan to redevelop the nearby Elephant & Castle shopping centre, a longstanding eyesore that has been the site of a promised redevelopment for many years.
Flats at Tribeca Square are expected to be available for rent in 2016.