The Bermondsey Project, SE16 4DG, delivers 1,624 new homes by 2025 in Zone 2 with Bermondsey Underground 534 m away (about 7 minutes walk), offering one bedroom units from £409,922 (£7,734 per square metre) in a major regeneration cluster.
With 150,000 sq ft of new employment space, a secondary school, upgraded parks and 75 new trees, this SE16 scheme offers one to three bedroom flats up to 115 sq m from £409,922, supporting strong rental demand and long term value.
The Bermondsey Project is a major residential-led regeneration scheme at 100 Clements Road, London SE16 4DG in Zone 2. The site is located about 534 metres from Bermondsey Underground station and comprises 1,624 apartments across buildings reaching up to 20 floors in height, delivered by Greystar. The scheme forms part of a wider transformation cluster across South-East London, dovetailing new housing with employment, education, and public realm infrastructure. Apartments range from one-, two-, and three-bedroom sizes from 53 to 115 square metres.
The site is located on the previous Peek Frean Biscuit Factory and Lewisham Southwark College, anchoring the regeneration of an industrially significant landscape. In addition to the residential provision, the development also brings 150,000 sq ft of flexible employment space (not covered by other permission) and a secondary school, as well as enhanced parks and the planting of 75 trees. The Bermondsey Project is pitched as a large development for sale in a borough undergoing long-term structural transformation, with the availability of new-build stock in an inner London market constrained by supply.
The structure of the apartment layouts is designed for maximising internal efficiency, incorporating natural light flow and balcony access to specific units. Prices currently range from £409,922 for one-bedroom apartments, two-beds from £537,974, and three-beda from £589,507 — indicative of variations in floor area and specification. The price per square metre varies based on configuration, facilitating a variety of entry points within Zone 2. Buyers considering new-build options can access detailed floor data and a broad map of the surrounding transport network, allowing them to objectively assess value metrics and connectivity.
Features are designed to support day-to-day living and community integration. Residents will enjoy social spaces, coworking areas, educational facilities, landscaped play areas, and enhanced public realm infrastructure. In addition, the project also includes significant tree plantings and has a dedicated provision for play space to improve environmental performance. Bermondsey Underground station is around seven minutes’ walk, and there are other rail links at Canada Water and South Bermondsey stations. Bringing together a structured combination of residential, employment, and social infrastructure ensures that the buoyancy of the entire property offering rises beyond a singular housing scheme.
Managed by Greystar and operating within London’s Build to Rent umbrella, the Bermondsey Project will offer a much-needed supply of quality rental accommodation. The market data included in the scheme materials cites the potential for annual rental income of between 2.5 and 4.5 percent per square metre, as well as projected annual capital growth averaging 5 and 10 percent annually, depending upon prevailing conditions. Standards for delivery are appropriately scaled, and phased completion is flagged to reach 1Q/2027, situating the project within a well-defined long-term regeneration horizon.
Location, location, location - 0.5 miles from Southwark Park; the London City Airport is just 7.3 miles away, and direct Underground into Central London is right on your doorstep! People wanting to purchase in this corridor compare infrastructure expansion, job creation and public realm improvement with price points. The coordinated framework for the whole residential project helps to enable owner-occupiers and investors both to establish themselves in a regenerating-district within Zone 2 under institutional development management.
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The Bermondsey Project, one of London's largest build-to-rent developments, continues to make significant strides as of March 2025. This ambitious endeavor aims to transform the former biscuit factory site into a vibrant, sustainable neighborhood, offering 1,548 rental homes, a 600-place secondary school, and approximately 14,000 square meters of flexible employment space.
A defining feature of the Bermondsey Project is its commitment to creating a sustainable and inclusive public realm. The development aims to provide thoughtfully designed spaces that promote accessibility and environmental responsibility, enhancing the area for residents and visitors alike. This vision underscores the project’s dedication to building a vibrant and welcoming community.
The Bermondsey Project is set to enhance the community with 115 square metres of dedicated play space, providing a family-friendly environment for local residents. In addition, the development will contribute to the area's greenery by introducing planting zones for 75 new trees, creating a more sustainable and vibrant public space. This focus on green infrastructure is part of the project's wider commitment to improving the quality of life for all who live and work in the area.
Greystar Real Estate Partners has successfully secured a £600 million debt facility for its Bermondsey Project development. The financing was arranged through a consortium of four lenders, demonstrating strong financial backing for this major development initiative.
2024 March: Greystar secures approval from Southwark Council for the BTR scheme.
2020 February: The Deputy Mayor of London approves the proposals for Bermondsey, following the Mayor of London's decision in May 2019 to call in the application and act as the planning authority.
2017: Planning application submitted for the comprehensive redevelopment of the site.
Planning and Development
The 2017 planning application outlined a vision for the site that included the demolition, alteration, and extension of existing buildings to create a mixed-use scheme. This scheme provides up to 1,217 residential units, flexible retail and food spaces, business and industrial floorspace, community and leisure facilities, and a new secondary school. The development ranges from 4 to 28 storeys in height and includes a single-storey basement for parking and services.
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