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Grosvenor’s £500m London build-to-rent scheme approved

March 2020

Developer Grosvenor has been granted planning permission to build over 1,500 new rental homes in Bermondsey, south London.  The scheme is one of the capital’s most ambitious build-to-rent developments yet.

The scheme, on a 12-acred former biscuit factory site in Southwark, has been designed by Kohn Pedersen Fox Associates and includes a new 600-place secondary school, over 110,000 sq ft of new public spaces, and almost 20,000 sq ft of new playspace.  Three tall buildings will act as a marker for the scheme

Around 35% of the new homes to be built as part of the redevelopment of the Biscuit Factory and Bermondsey Campus in Southwark will be affordable housing, including homes at social rent levels.

Southwark Council refused permission for the scheme in February 2019, saying the plans would not deliver enough affordable housing.  The Mayor saw the application last May and decided to take it over. Since his intervention, the number of homes has been increased from 1,342 to 1,548 and the level of affordable housing has been boosted from 27.5% to 35%.

Simon Harding-Roots, Executive Director, Major Projects, Grosvenor Britain & Ireland, said: “This project speaks directly to our purpose as a business – to bring lasting social and commercial benefit to the communities where we work. All the approved homes are for rent, and none are for sale. Every home will be occupied and managed by a responsible landlord with a genuine long-term interest in ensuring the neighbourhood thrives.”

More at: https://www.grosvenor.com/

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