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Dizzying 230m-high tower block set to be built in £2bn south London development

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By deepak · September 2, 2026 · 2 min read

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Plans to build the UK’s second-tallest residential building in south London alongside several other tower blocks are recommended to be approved.

Applicant Vauxhall Square Limited plans to build a 1,097-flat development along with 1,164 co-living units and student accommodation for 699 people.

The £2billion development would be built at Vauxhall Square, and comprises seven buildings, ranging from two to 69 storeys in height.

If approved, the development will deliver the UK’s second-tallest residential building at 230.5 metres after Canary Wharf’s Landmark Pinnacle, which features a 239-metre tall tower containing 75 storeys.

Lambeth Council’s Planning Applications Committee has been recommended to green light the plans at a meeting next week (September 8).

According to a council report, the proposals will also bring offices, a hotel, a cinema, flexible retail, and community facilities to the area. A publicly accessible gym and swimming pool within the co-living building is also planned, as well as play space, pedestrian and vehicle access, and cycle and car parking.

Of the 1,097 homes, 25 per cent aim to be ‘affordable’ by habitable room. This consists of 122 social rent homes and 120 Discount Market Rent (DMR) homes.

The original plans did include 35 per cent affordable housing however they were amended after the Mayor of London Sadiq Khan announced a new fast-track planning route in March 2026, which accepts a lower threshold of 20 per cent affordable housing on developments.

The fast-track route also does not require a financial viability assessment, which is essential to adopted development plan policies, including the council’s own Local Plan.

Vauxhall Square Limited has proposed a total contribution of £79.9 million towards the delivery of off-site affordable housing, which planning officers say is a “very substantial public benefit”, and helps “mitigate its conflict with adopted affordable housing policies”.

If approved next week, a 61-storey building would be made up of mostly co-living accommodation, which combines private living space with shared communal amenities, such as kitchens and lounges.

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Source: Read the original article on www.standard.co.uk

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