Embarking on our second airspace development in Southwark, we are crafting nine new apartments in Bermondsey above an existing residential block.
Our second airspace development in Bermondsey, creating nine new apartments above an existing residential block.
10 The Grange, our second airspace development project in Bermondsey, is being developed in partnership with the leaseholders of the existing block of 28 flats.
Fruition Properties initially assisted the leaseholder group through the legal process after they were served a Section 5 notice by their freeholder who wanted to sell the roof-space to a third-party developer with the intention of building new flats above.
Most leaseholders felt strongly that the prospective sale was being imposed on them and their tenants, and that they had no control nor benefit from the sale and proposed development, so we helped them raise the funds to enable them to purchase the freehold of the property. This gave the leaseholders the ownership required to benefit from the airspace development via substantial upgrade works and profit sharing.
Nine new penthouse apartments will be delivered alongside upgrades to the existing property, which include a new lift, replacement render and balconies, external landscaping, new fire safety and security systems, refurbished communal areas, and additional cycle parking.
Seven of the new rooftop apartments will be unique duplexes that will have their own external front door at fourth floor level and large terraces at both fourth and fifth floors.
These ‘Houses in the Sky’ combine suburban-type housing in inner London – an innovative and sustainable way to help solve London’s housing shortage. Whilst working in partnership has given the collective group of leaseholders the opportunity to improve their block, facilitated by the construction of new homes in the airspace directly above.Disclaimer
We have created an automatic ranking system for new-build homes in London based on several critical features around the development, like schools, parks, and transport infrastructure.
We have developed this new analytical tool to calculate the scores based on the location data. Note that AutoScore values are not set by us or anyone else – everything happens automatically.
In collaboration with the leaseholders of a block of 28 flats, Fruition Properties is embarking on its second airspace development project in Bermondsey – 10 The Grange. Initially, Fruition Properties supported the leaseholder group through the legal process, responding to a Section 5 notice from their freeholder. This collaborative effort aims to optimize the existing space and address the increasing demand for new apartments in the vibrant Bermondsey area.
Introducing our second innovative airspace development, 10 The Grange, located in Bermondsey. This project involves the creation of nine new apartments above an existing residential block, representing a collaborative effort with the leaseholders and Fruition Properties to maximize the space's potential and enhance the living experience for residents.
Our Stamp Duty calculator provides illustrative figures for the Stamp Duty (SDLT) in England and Northern Ireland, a required tax paid on property purchases. Read more about SDLT and how it works.
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