Wittington Investments is set to receive planning approval from Southwark Council next week for a 605-room purpose-built shared living scheme in Bermondsey.
The 1.3-acre site, at 79-161 Ilderton Road, SE16, was acquired by Wittington Investments in March 2022, from Centerbridge and Argon Capital.
The site was previously used as a lorry park and has consent for a 28-storey, 312-flat scheme, alongside 20,000 sq ft of shops and offices, with a GDV of £135m.
Wittington Investments and co-living operator Fifth State have proposed a new scheme, that includes two separate buildings either side of a central publicly-accessible pocket park.
The first of these buildings, the North Building, would be formed of two blocks, one of 27 storeys and the other of 18 storeys, linked by a five-storey plinth/base element.
The South Building, would also be formed of two blocks: Block C would be 16 storeys and Block D would be ten storeys, with the two linked by a five-storey plinth/base.
If approved, the site will provide 120 affordable homes in a tenure split of 65 social rent and 55 intermediates, as well as a 1,300 sq ft not for profit café, 4,000 sq ft of commercial space, and 5,000 sq ft of business space.
The scheme also includes amenities such as flexible workspaces, a well-being studio and gym, a recording studio, a cinema, games rooms, shared kitchen and dining facilities, and laundry facilities.
The proposed scheme is next to South Bermondsey station and is less than half a mile from the proposed New Bermondsey Overground station, which is due to complete in 2025.
See more planning information for London Borough of Southwark>>
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