23 November 2020
Work Begins on London’s Newest Build to Rent Neighbourhood
Grosvenor Britain & Ireland has started on site on London’s newest build to rent
neighbourhood on the 12 acre site of a former biscuit factory in Bermondsey.
Former factory site in Bermondsey to be transformed into new neighbourhood anchored by:
- Over 1,500 homes for rent, including 35% affordable
- 3 acres of new public and play space
- New 600 pupil secondary school
- 150,000 sq ft of office and retail space
- Construction creates the first of c.3,000 new jobs for London.
Phase one of the award winning scheme will deliver almost a quarter of the homes (359), of which 35%* will be affordable, as well a new 600 pupil secondary school and 87,000 sq ft of employment space. The first phase is expected to complete in c2024 with the full neighbourhood following by 2028.
Planning consent was granted by the GLA in February this year. The full scheme, designed by architects Kohn Pedersen Fox Associates will provide 1,548 rental homes of which 35% will be affordable housing*, comprised of 30% at social rent equivalent and 70% at discounted market rent.
Alongside new homes and a school, Bermondsey will benefit from substantial new play and public spaces. Local businesses will enjoy greater footfall and an estimated increase of £22 million in spend each year. New job opportunities will be created through 150,000 sq ft of employment space, with c3,000 jobs also generated in construction and the completed development, delivering a lasting social and economic legacy for the area.
The highly sustainable neighbourhood will be car free for residents, and built to Grosvenor’s stretching net zero carbon, zero waste to landfill and biodiversity goals.
Materials innovation will be part of meeting these goals. At all stages, Grosvenor will be considering the responsible sourcing, production, use and recycling of materials. Cemfree concrete is already being used on site, which reduces the product’s emissions by up to 80% and Grosvenor is also one of the first partners of the SteelZero forum.
Heather Topel, Head of Bermondsey, Grosvenor Britain & Ireland, said: “It’s an amazing feeling to get a scheme of this size, which creates so many positives for London, off the ground in 2020. Delivering on the promises we made in the design phase is critical to us and we’ll be working hard with our partners to bring the benefits of this new neighbourhood to the community as soon as possible.”
John Bushell, Design Principal at Kohn Pedersen Fox Associates, said: “It’s incredibly satisfying to see this project come off the drawing board and onto site. Over the past few months we’ve all been forced to reconsider the places where we live and work. We’re very proud to be part of a mixed-use scheme that promises to deliver so much high-quality public space, to improve the lives of people who live in the area, and amenity spaces for residents including roof gardens, terraces and balconies."
Keltbray are the appointed contractor on the enabling and demolition works relating to Phase One.
Darren James, Chief Executive Officer, Keltbray, added: “We are delighted to be working with Grosvenor and the surrounding community to transform this area of Bermondsey into a brand new 21st century neighbourhood. We believe everyone deserves a great place to live and are therefore looking forward to starting the first phase of this exciting programme.”
For further information, please visit www.grosvenorandbermondsey.com or visit our project page here.
*Affordable housing policy for the GLA and London Borough of Southwark is expressed by habitable room not number of units, and therefore unit numbers are expressed as ‘circa’.
About Grosvenor Britain & Ireland
Grosvenor Britain & Ireland creates great places where communities, business and nature thrive.
In London’s West End, we support 9,000 residents, c1,000 businesses and 50,000 workers every day. We also create and manage sustainable neighbourhoods in London, Liverpool and across the South East of England.
We are one part of a global, family owned business that has been developing and managing land and property for over 340 years. Thinking long term allows us to give equal weight to the environmental, social and commercial impact of everything that we do.