Grosvenor publishes its £500 million Bermondsey masterplan

Grosvenor Britain & Ireland (‘Grosvenor’) has today confirmed its masterplan (‘plan’) for one of London’s largest build to rent developments as it puts final proposals to a public exhibition. 

5th October 2017

Grosvenor Britain & Ireland (‘Grosvenor’) has today confirmed its masterplan (‘plan’) for one of London’s largest build to rent developments as it puts final proposals to a public exhibition.

Grosvenor says it wants to meet the needs of those locked out of the housing market with up to 1,350 new rental homes on the 12-acre former biscuit factory site. It aims to revitalise the neighbourhood as a thriving economic centre that is physically, socially and economically integrated into Bermondsey. In committing to ‘generation rent’, it also wants to deliver a number of homes on a range of discounted market rents and to manage all these homes for the long term.

The company says the plan, if delivered, 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 the same time to see 165 underused railway arches on the site that are now in poor physical condition, refurbished and filled with offices, shops, restaurants, leisure and light industrial businesses.

Grosvenor’s £500 million investment plan, designed by award-winning architects Kohn Pedersen Fox Associates, incorporates a new 600-place secondary school, over 10,000m2 of new office space and 10,000m2 of retail, culture, leisure, community and food and drink uses; alongside 25,000m2 of new and improved streetscapes and playspace, 140 new planted trees and 400m2 of new public lawns. 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. In response to local feedback, it wants to retain a number of historic buildings that reflect Bermondsey’s rich past, locate the new school on the existing Campus site and, with Network Rail, create two new routes through to The Blue business district to better knit the neighbourhood together.

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 studio to three bedroom. The company has also committed to delivering a long-term, local ‘legacy strategy’ that focuses on maximising the social and economic benefits of its proposals, and strengthen Bermondsey as a place for enterprise.

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.”
Grosvenor's masterplan will be on display in Bermondsey during three public drop-ins in Unit H05 at the Clements Road entrance to The Biscuit Factory site (SE16 4DG) on:

  • Thursday 5 October: 4-8pm
  • Friday 6 October: 2-6pm
  • Saturday 7 October: 10am-2pm

For further details, visit: www.belonginbermondsey.com

ENDS

For more information contact:

Rob Fox
Grosvenor Britain & Ireland
+44 (0)20 7312 6479
Rob.fox@grosvenor.com

NOTES TO EDITORS

Illustrative images

Three computer generated images (illustrative only) of development proposals are attached and available, alongside others, at higher resolution on request.

Public exhibition

Grosvenor's masterplan will be on display in Bermondsey during three public drop-ins in Unit H05 at the Clements Road entrance to the biscuit factory site (SE16 4DG) on:

  • Thursday 5 October: 4-8pm
  • Friday 6 October: 2-6pm
  • Saturday 7 October: 10am-2pm

For further details, visit: www.belonginbermondsey.com

A number of the older buildings in the heart of the Biscuit Factory are owned by Workspace Group plc and continue to provide a home for a wide range of growing businesses. These buildings will be retained and we are working closely with Workspace on the development of our plans.

Network Rail’s proposals for the railway arches

Network Rail will submit a planning application in full detail and at the same time as Grosvenor’s Masterplan Application. It wants to create a new employment and leisure destination for Bermondsey which:

- Supports and builds on borough-wide initiatives such as the Low-line;

- Brings local social and economic benefits to the more immediate surroundings, including The Blue business district; and

- Delivers a wide range of spaces for light industrial and office-based businesses, more than is available now, alongside complementary retail, restaurant and leisure uses.

Grosvenor is working with Network Rail to deliver two new proposed pedestrian routes underneath the railway to better connect the neighbourhood with the Blue business district.

About Grosvenor Britain & Ireland

Grosvenor Britain & Ireland creates and manages high quality neighbourhoods that are great places to live, work and visit.

Our diverse property development, management and investment portfolio includes Grosvenor’s London estate of Mayfair and Belgravia, where we manage a £1bn rolling investment programme. Our other developments are elsewhere in London, Oxford, Cambridge, Edinburgh and Southampton. As at 31 December 2016, Grosvenor Britain & Ireland had £5.1bn of assets under management.

We are part of Grosvenor Group, one of the world's largest privately-owned property businesses, which is active in more than 60 cities around the world.

www.grosvenor.com  
Twitter: @Grosvenor_GBI

Kohn Pedersen Fox

Kohn Pedersen Fox (KPF) is an international architecture practice that prides itself on creating buildings which reflect and inspire the communities they serve. Their design process is underpinned by a respect for people and the desire to create spaces that resonate with a sense of place. KPF is leading the Bermondsey masterplan design, which focuses on streets, spaces and the types of buildings.

https://www.kpf.com/

 

 

 

View all Grosvenor contacts