Grosvenor unveils Bermondsey build to rent masterplan

By Kasmira Jefford - Thursday, October 05, 2017 0:01

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Grosvenor Britain & Ireland has unveiled £500m plans to build what will be one of London’s largest build to rent developments on the former biscuit factory site in Bermondsey.

Some 1,350 homes ranging from studios to three-bedroom flats will be delivered on the 12-acre south east London site, including a number at discounted market rents, Grosvenor said ahead of a three-day public exhibition launched today.

There will also be new 600-place secondary school, over 33,000 sq ft of new office space and 33,000 sq ft of retail, culture, leisure, community and food and drink uses alongside improved streetscapes, play areas and 140 new planted trees.

Network Rail is proposing plans at the same time to see 165 underused railway arches on the site that are now in poor physical condition, refurbished and filled with offices, shops, restaurants, leisure and light industrial businesses.

Grosvenor said the scheme will “create a place for people of mixed incomes, backgrounds, life stages and jobs” with the project expected to create around 1,500 new roles and boost local spending.

The company assembled the site through two acquisitions in 2013. It bought 3.5-acre site from Lewisham College and the neighbouring 8.2 acres of Workspace Group's 10.6-acre Tower Bridge Business Complex, which already had planning permission for 800 new homes.

In response to local feedback, it wants to retain a number of historic buildings, locate the new school on the existing Campus site and, with Network Rail, create two new routes through to The Blue business improvement district.

“We have spent four years getting to know Bermondsey, its people and its communities and want to help knit together the best of Bermondsey with an investment and long-term legacy that generates local opportunities and can respond to changing demand,” Katherine Rodgers, development director, Grosvenor Britain & Ireland, said.

“We want to see a growing district that is inclusive and physically integrated, with historic buildings retained and new commercial spaces, local amenities and public spaces created,” she added.

The plans, designed by architects Kohn Pedersen Fox Associates, will be on display at Unit H05 at the Clements Road entrance to The Biscuit Factory site until Saturday before being submitted to the council later this month.

kjefford@costar.co.uk

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