Development of the space on top of existing buildings could contribute substantially to London’s affordable housing requirement – according to a company that is pioneering the development of affordable rooftop space.
Responding to Shelter’s recent ‘A Vision For Social Housing’ report Apex Airspace suggests that airspace development could create 120,000 affordable homes in London and more than 800,000 nationwide.
Val Bagnall, Managing Director, says: “It is possible to attack the problem of insufficient social housing with incredible speed and at reasonable cost by considering the space above properties as development space. The possibility of a new permitted development right for airspace development in 2019 will add significantly to the delivery speed in which new homes could be produced.”
Apex is working with councils and housing associations to deliver 250 affordable homes in London through use of airspace. They say that retail space also poses a ‘huge opportunity that needs to be better exploited’ adding that the company has already conducted discussions with supermarket operators to investigate development opportunities above their existing estates.
While the concept of airspace development is often synonymous with luxury, penthouse-type apartments affordable airspace developments could potentially be much larger. This kind of development will surely be one to watch in London over the next few years.