Greystar Real Estate Partners and Grosvenor’s U.K. property business have agreed the sale of a build-to-rent (BTR) residential scheme in Bermondsey, south London.
The scheme, at the former Peek Freans biscuit factory site, will feature 1,548 homes as well as extensive play and public spaces, including a large public roof terrace and pedestrian walkways. It will help to create new job opportunities through 150,000 square feet of flexible employment space, driving additional footfall for local businesses.
The Bermondsey site will incorporate new homes for a range of rents, a new secondary school and employment, cultural and retail spaces, interwoven into the neighborhood. The development will incorporate historic buildings in the area into the plans.
Greystar will execute the acquisition of the Bermondsey scheme through its strategic partnership with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). In December 2021, Greystar announced a ne
