Summary:
- Fabrix and PATRIZIA have appointed McLaren Construction as main contractor for the £55m Walworth Corners PBSA development in Elephant & Castle, transforming a 0.34-hectare brownfield site into 283 student beds, 20 affordable homes, retail, and community space, with completion expected by spring 2028.
- Walworth Corners is the first project from the 2025 Fabrix-PATRIZIA living joint venture, backed by over £100m investment capacity and £69.5m development financing from Aviva Investors, highlighting their capability to deliver institutional-quality living assets in London.
- McLaren Construction emphasizes sustainable, mixed-use development by retaining part of the existing structure and engaging closely with local stakeholders to minimise disruption, aiming to create long-term social, economic, and environmental value in a key urban location.
Original article:
https://benews.co.uk/mclaren-wins-elephant-castle-pbsa-contract/
