Muse selected for Lambeth scheme
Lambeth Council's plan to reduce the number of office buildings it runs and to redevelop Lambeth Town Hall in Brixton have been given the go-ahead with the appointment of a preferred developer.
The cabinet named Muse as its preferred developer. No contracts have been signed and there now follows a period of 10 day legal standstill before any decision is finalised.
Cllr Paul McGlone, Cabinet Member for Finance, said at the meeting:
"This is a good deal for Lambeth - it will save at least £4.5 million a year, deliver new affordable homes as well as jobs for local people.
"It’s a smart deal too because by selling off our old and expensive office buildings we can make the development pay for itself.
"In Clapham we provided a new library, a GP health centre, leisure centre and affordable housing at no cost to the taxpayer by taking a similar approach and working successfully with a development partner."
The new scheme will see the town hall opened up even further to local people, space for start-up businesses, a purpose built energy efficient new council office, new homes of which the aim is to secure 40% as affordable and hundreds of construction jobs, including 45 apprenticeships.
Mike Auger, regional director at Muse said:
“The announcement is fantastic news and a huge endorsement for Muse and our team of consultants. We now look forward to working with the Council and local residents to finalise the plans for the site”.
Cllr McGlone said: "Lambeth town hall is an iconic building that’s been at the heart of the community for over 100 years and this development makes sure it retains that special place."