The New Cross Gate Trust is really pleased to see that the Besson Street site is now moving forwards. Please find attached a press release from LB Lewisham setting out further details of the scheme. We are told that consultation events are currently being planned for early in the New Year. Further details will be distributed as soon as we have them:
“Lewisham Council selects Grainger as its partner to deliver a major, ground-breaking new rental housing scheme”
Lewisham Council has announced that Grainger plc, the UK’s largest listed residential landlord, has been selected as the preferred bidder for a partnership to develop and own 232 new purpose-built private rented homes and provide a new ethical rental offer to Lewisham residents including long-term, family-friendly tenancies.
The partnership will develop around 232 homes, including 35% affordable homes to be let at the ‘London Living Rent’, on a site at Besson Street in New Cross. In addition to the 232 new homes, the partnership will also develop a health centre for the local community, new office space for the New Cross Gate Trust and an outdoor gym.
Grainger is a leading professional landlord with around 9,000 rental homes currently in its portfolio. Established in Newcastle in 1912, Grainger has been recognised as the market leader in the emergence of a professional private rented sector in the UK. It has won numerous awards as a leading and responsible business and the company is investing over £850m over the next three years to create new rental homes across the country.
Lewisham Council and Grainger will now finalise the legal agreement and will make a further announcement in the spring of 2018, when the partnership is expected to be formally launched.