Cllr Danny Adilypour, Lambeth Council Deputy Leader (Sustainable Growth and New Homes), said:
“I welcome the Secretary of State’s decision to grant planning approval for the comprehensive redevelopment of this strategically important brownfield site in Waterloo.
“The proposal is a high-quality, sustainable development of a world-class workspace that will deliver economic, social and environmental benefits for Lambeth and our residents, and will strengthen London’s position as a leading global city.
“I welcome this inward investment into our borough, which demonstrates the Waterloo and South Bank area’s continuing key role in growing the Lambeth economy for the benefit of local residents and contributing to central London’s strong position as a business and tourism destination.
“In particular this development will create thousands of new jobs in Lambeth, both during construction and when the building is open, with an emphasis on creating new opportunities for local young people in well paid, growth areas of the London economy.
“It is also estimated that Lambeth will receive over £11million every year in additional business rate contributions from the site once it is up and running – money we can spend on supporting our most vulnerable residents and protecting the vital local services that all Lambeth residents rely on, at a time when local government finances are facing unprecedented challenges.”
