Yada @ The Biscuit Factory
The Biscuit Factory - Bermondsey
Developer: Grosvenor Britain & Ireland
Architect: Kohn Pedersen Fox Associates
Local Authority: Southwark Council
Location: HO4, The Biscuit Factory, 100 Clements Road, Southwark, SE16 4DG
Grosvenor commits to 'generation rent' with its £500 million Bermondsey Development
Grosvenor Britain & Ireland are responding to the generational shift to renting in London by investing in one of the capital’s largest build to rent developments. Grosvenor's plan, in the heart of Bermondsey, will create around 1,350 new rental homes.
Grosvenor proposes a £500 million investment plan for the 12-acre former biscuit factory site, backed by the company’s 340 year history and track record of creating and managing some of London's most successful places. It wants to manage all these homes for the long term and is gathering the views of locals and other stakeholders.
Approximately 85,000 square feet of ground floor retail, food, leisure and culture would be added with shops, services and facilities open to the community. Development plans would also create conditions for over 900 new jobs, opportunities for new and existing businesses, and an annual boost to local spending of £30 million.
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.
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.
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