Lambeth Council's plan to reduce the number of office buildings it runs and to redevelop Lambeth Town Hall in Brixton have been given the go-ahead.
The decision was made at Lambeth Council's Cabinet meeting at the town hall.
Cllr Paul McGlone, Cabinet Member for Finance, said: "This is a good deal for Lambeth – it will save at least £4.5 million a year, deliver new affordable homes as well as jobs for local people.
"It's a smart deal too because by selling off our old and expensive office buildings we can make the development pay for itself.
"In Clapham we provided a new library, a GP health centre, leisure centre and affordable housing at no cost to the taxpayer by taking a similar approach and working successfully with a development partner."
The new scheme will see the town hall opened up even further to local people, space for start-up businesses, a purpose built energy efficient new council office, 275 new homes of which the aim is to secure 40% as 'affordable' and hundreds of construction jobs, including 45 apprenticeships.
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