The Greater London Authority is recommended to approve Grosvenor’s revised plans for its £973m build-to-rent scheme in Bermondsey, SE16, following a boost in affordable housing.
City Hall will review the plans for the redevelopment of the former biscuit factory which were called in by mayor Sadiq Khan last May.
Grosvenor subsequently agreed to increase the affordable housing to 35% of habitable rooms, driving the number of flats to 1,548 in buildings of up to 35 storeys. It equates to 481 affordable homes, which is 31.1% of the total flats.
The developer also agreed to provide 30% of affordable housing as social rented flats, with the remaining 70% at discount market rent.
However, it does not meet the required tenure split under the draft New Southwark Plan.
The GLA’s report highlighted the scheme’s significant contribution to new housing, affordable housing and employment on a currently underutilised site. It will also provide an important access point to Bermondsey station.
The report adds that officers are satisfied with the tenure split, which it says is “in excess of the maximum viable level at this time”.
The committee will debate the outcome at a public hearing on 21 February.
Final approval will be subject to a last rubber-stamping from Robert Jenrick, secretary of state for housing, communities and local government.
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