Pocket Living acquired the site at 28-30 Addiscombe Grove, Croydon in March 2017 and has now received approval for one of the tallest schemes in the UK to be built using off-site construction, and the company’s biggest to date.
The 21-storey scheme will also offer up to 100% affordable housing with 70% of the 153 apartments marked for first-time buyers, who are residents or workers in the borough, to buy at a discount below the market price and the remaining homes made available for shared ownership.
Khan said: “Tackling London’s housing crisis requires bold new approaches. We know turning things round will take time, but off-site 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.”
Marc Vlessing, CEO of Pocket Living, added: “We’re 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 provided from 73% to 100%.”