Grosvenor’s £500m ‘build-to-rent’ Bermondsey masterplan goes on show to the public

Admin (14 June, 2017)

The Duke of Westminster’s property company plans to build 1,500 rental homes on the twelve-acre site of the former Peek Frean biscuit factory site

17581An artist impression of the residential block and public space

Grosvenor’s £500million build-to-rent draft masterplan for Bermondsey has gone on show to the public.

The Duke of Westminster’s property company plans to build 1,500 rental homes for the area on the twelve-acre site of the former Peek Frean biscuit factory site in Bermondsey.

The draft masterplan, designed by architects Kohn Pedersen Fox Associates, also features a 600-place secondary school, over 110,000 square feet of public spaces and almost 20,000 square feet of playspace.

As part of the proposals, about 85,000 square feet of ground-floor retail, food, leisure and culture would be added with shops, services and facilities open to the community.

The development is also expected to create more than 900 jobs, opportunities for new and existing businesses, and an annual boost to local spending of £30 million.

Artist impression of the communal atrium

Grosvenor Estates has said the development would provide “a number of homes on a range of discounted market rents”.

Craig McWilliam, chief executive of Grosvenor Britain & Ireland, said: “London’s housing shortage is too often creating polarised outcomes, with homes for the few who can afford to buy them, and those allocated social rented accommodation.

“We are sharing our ambitions in Bermondsey to meet the needs of many on low and middle incomes who are locked out of London’s housing market.

“We want to help create one of London’s greatest neighbourhoods for people of mixed incomes, backgrounds and life stages.

“We want to manage these rental homes for the long term, responding to changing needs and extending Bermondsey’s rich history at the heart of a growing, global city.”

The plans will be on display to the public at Unit H.0.5, The Biscuit Factory, 100 Clements Road, Bermondsey SE16 4DG on June 15 from 4pm-8pm and June 16 from 2pm to 6pm.

A smaller version of the same exhibition, with historical images and artefacts from the site’s former life as a biscuit factory, will also be displayed from 9am to 1pm on June 17 in Market Place, Southwark Park Road, and July 1 from 12pm-6pm at Bermondsey Carnival, in Southwark Park. 

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