Grosvenor Britain & Ireland has today confirmed its masterplan for one of London’s largest build to rent developments.
Grosvenor said it was planning 1,350 new rental homes in Bermondsey on a 12-acre former biscuit factory site, which it said aimed to “revitalise the neighbourhood as a thriving economic centre that is physically, socially and economically integrated into Bermondsey”.
The company said the plan would create 1,500 new jobs, boost local spending and open up new walking routes and access to the adjacent business district and market square to support growth.
Network Rail is proposing plans at simultaneously to bring 165 underused railway arches into use on the site, refurbishing and then filling them with offices, shops, restaurants, leisure and light industrial businesses.
Grosvenor’s £500 million investment plan, designed by architects Kohn Pedersen Fox Associates, incorporates a new 600-place secondary school, more than 100,000 sq ft of new office space and 100,0000 sq ft dedicated to retail, culture, leisure, community and food and drink uses.
The company is sharing its plans with locals and other stakeholders after four years of consultation, before it submits a planning application later this month.
Grosvenor says it wants to create a place for people of mixed incomes, backgrounds, life stages and jobs and proposes a range of apartment sizes, from studios to three bedrooms.
Katherine Rodgers, development director, Grosvenor Britain & Ireland, said: “We are sharing today our detailed ambitions to create one of the capital’s greatest mixed neighbourhoods hosting 1,350 new rental homes for locals and Londoners. 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.
“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.”
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