The joint venture (JV) between Helical and Places for London, has received a resolution to grant planning approval from the London Borough of Southwark for the development of a 15 storey purpose-built student accommodation scheme (PBSA), comprising 429 studio apartments, and an adjacent nine storey building comprising 44 affordable homes, above Southwark station.

Designed by architects AHMM, the development will include a new Bauhaus-inspired block that will house the PBSA element, which will offer students a best-in-class experience in what is one of London's best-connected Zone 1 locations. With several universities within a short journey from the station, the new development will also help to alleviate the demand on the private rental market in the area. The JV is targeting a 4.5-star Home Quality Mark for the scheme's affordable housing provision and BREEAM Outstanding for the PBSA. It will also offer new retail space and community space including a shared community garden, as well as improvements to the public realm through an increase in the amount of greenery and provision of active frontages on Cut and Isabella Street. Building works at the new development are expected to start in 2026 and be completed in 2028.