Published: 24th Feb 2020

A former biscuit factory in Southwark, London will be turned into 1,500 new homes, 35% of which will be affordable.  Last Friday (February 21), the deputy mayor for planning, regeneration and skills, Jules Pipe, gave the £500m build-to-rent project the go-ahead. In May last year, the project was rejected on the basis that it did not comply with the council’s policy for affordable homes, with plans for only 27.5% of the homes to be classified as affordable. However, under revised plans,35% of the properties will be affordable, including properties at a social rent level, and 342 of these properties will be offered at a discount market rent price. Compass Secondary School will also benefit from the project, with new modern school facilities set to open in September 2023. Jules Pipe said: ‘The site has the potential to deliver more than 1,500 new homes in an area of London with a … (To read the full article, subscribe below)