PPP to deliver BTR homes
Thu 29th November 2018, 9:48 am
The London Borough of Lewisham has announced a joint venture with residential property firm Grainger to deliver 300 build-to-rent homes in New Cross Gate.
The development will be owned by a 50/50 Public Private Partnership share between the council and Grainger. The latter will also manage the units, 35% of which will be affordable at “London Living Rent”.
As well as the new homes, the site will also include a new GP Surgery, office space and an outdoor gym.
Helen Gordon, chief executive of Grainger, said: “We are pleased to launch this long-term partnership with Lewisham Council for our proposed development at Besson Street. This is an excellent project that will deliver high quality homes and several additional facilities for the local community.”