Southwark council in London has rejected a 1,060-home scheme after developer Berkley Properties diminished the reasonably priced housing be offering in its revised plans.
The up to date proposals for section two and 3 of Bermondsey Position would have slashed the extent of houses for social and intermediate rents from 40% to twelve% to make the scheme viable. Councillors unanimously agreed that this doesn’t meet the housing want of the borough.
Additional adjustments to the PRP-designed plans for the Previous Kent Highway space additionally diminished the tallest of its 8 blocks from 44 to 36 storeys.
The verdict got here within the week that Berkeley chair Rob Perrins that “at native degree, we’re getting 75% of our packages refused”.
He instructed Wednesday’s Construction the Long run convention: “If you have a viability problem, you’ve were given to make compromises. This present day, nobody’s prepared to surrender anything else in precedence phrases.”
The primary section of Bermondsey Position is these days underway, turning in 285 houses with for 40% reasonably priced housing in the back of Asda’s Previous Kent Highway retailer.
Paintings started in 2021 however stalled in 2022 because of emerging prices prior to recommencing in 2025.
A hybrid making plans software for 1,300 houses at Bermondsey Position was once licensed in 2020.
