Berkeley Homes has acquired three industrial sites close to the Old Kent Road, Southwark, SE1.
The former Hygrade Meat factory at Bianca Road as well as Acorn Wharf and Surrey Wharf will be redeveloped to create a mix of new homes, commercial space and public realm, opening up around five acres of underutilised land.
Many of these new homes will be affordable and will help Southwark council achieve its target of building 11,000 new council homes by 2043.
The combined site falls within the Opportunity Area proposed by the mayor of London as part of recent amendments to the London Plan.
The Opportunity Area will be brought forward by Southwark council through the Old Kent Road Area Action Plan.
Councillor Mark Williams, cabinet member for regeneration and new homes at Southwark council, said: “In Southwark we are tackling the housing crisis head on by building new homes for our residents, including new council homes. We have big plans for the Old Kent Road and we are currently consulting with local residents about how we can deliver new homes, new jobs and more green spaces in the area.”
Harry Lewis, managing director of Berkeley Homes, added: “This is a fantastic opportunity to bring underutilised, industrial land back into use and deliver homes for Londoners from all walks of life. Berkeley is committed to creating a place that benefits everyone and puts a spring in the steps of the Old Kent Road.”
