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Bermondsey set to be the renowned upcoming “sweet” London neighbourhood
Bermondsey is set to be the renowned upcoming “sweet” London neighbourhood as plans to regenerate the old Peek Frean biscuit factory have seen the green light.
Developer Grosvenor has committed to deliver 1,500 new build-to-rent homes, more than 110,000 square feet of new public spaces, almost 20,000 square feet of play space as well as 85,000 square feet of ground-floor retail, food leisure, and culture facilities.
The 12-acre site has been appointed to architects Kohn Pedersen Fox Associates and will feature a series of new buildings of up to 28 storeys, many with relaxing roof gardens. According to the architects, the goal is to showcase a vibrant side of the Bermondsey neighbourhood providing energy and life while paying “homage” to its past and adding value to the existing communities.
Southwark Council strives to meet the demands of the housing market and with the revamp of the Peek Frean biscuit factory and Lewisham and Southwark College the expectations for this “built-to-rent” village are high. Grosvenor shares the Council’s hope as the developer says the £500 million master plan shows its commitment to the “renter generation”.
‘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.’
This is set to become the renter’s campus in SE1 will feature various size residential options ranging from small studio flats of about 400sq ft to three-bedroom flats. Rent changes will be based on a competitive market rate and about a quarter of them will be affordable, according to the developer.
Chief executive Craig McWilliam 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. The council’s ambition is to attract locals and middle to low-income people who have been locked out of London’s booming housing market for too long.
The biscuit plant closed in 1989 after more than 100 years of producing the famous bourbons, Garibaldi, and pearl biscuits. However, Bermondsey still tastes sweet since the cute neighbourhood is the mecca of foodies and attracts young crowds who shop from the independent stores and indulge in the local eateries.
Who would have thought that a £500 million revitalisation close to the Shard could give birth to such an exciting neighbourhood?
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