Grainger and Lewisham Council have launched a joint venture to build 300 BTR homes at Besson Street, in New Cross Gate, SE14.
The partnership includes the creation of a new joint venture company, Lewisham Grainger Holdings. The development will be owned by the jv company and managed by Grainger.
It seeks to provide new rental housing with 35% affordable housing provision, available with long-term tenancies at the London Living Rent, which uses genuinely affordable benchmarks for different neighbourhoods set by the mayor of London, Sadiq Khan.
There are also plans for a GP surgery and pharmacy, office space for the New Cross Gate Trust and an outdoor gym. Submission of planning documents for approval is expected new year.
Grainger chief executive Helen Gordon said: “This is an excellent project that will deliver high-quality homes and several additional facilities for the local community.
“Upon completion, residents will benefit from new homes and also Grainger’s commitment to customer service and expertise as the market leader in modern homes for rent.”
Grainger was selected as the preferred bidder for a partnership with Lewisham Council in December 2017, at the time the company called the development an “ethical renting offer”.
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