South London job designed by KPF
Planning consent has finally been granted to Grosvenor’s £500m build-to-rent scheme in Bermondsey on the site of an old biscuit factory which will feature more than 1,500 homes.
The developer hopes to get building work on the south London site underway “as soon as possible”, with a summertime start likely once a contractor has been appointed. It submitted its initial plans for the scheme to Southwark Council in November 2017.
But these were thrown out in February last year when the council said the development, designed by architect KPF, failed “to provide the maximum reasonable amount of affordable housing and the affordable housing offered would be at a cost which would not be affordable to those in greatest housing need”.
After the application was called in and taken over by the mayor of London in May last year changes were made to the amount of affordable housing and deputy mayor Jules Pipe approved the plans.
The level of affordable housing has been increased from 27.5% to 35%, which technically meets the local council’s minimum requirement threshold.
The 1,548 homes development on the site of an old Peek Freans biscuit factory will now include around 482 affordable homes, of which 342 will be offered at discount market rent and 140 at social rent levels. Private cars will be banned from the site once it is completed
The Bermondsey scheme, which Grosvenor have been working on for the past seven years, will also have new play and public spaces, pedestrian routes and 150,000ft² of employment space.
The first phase of the development will include 359 rental homes, a new 600-pupil secondary school and 8,155ft² of employment space.
Pipe said he believed the scheme would make a significant contribution towards the regeneration of the area.