Bermondsey Reach
Site sold

Site sold

28/03/2022 by Buildington
 
Site sold

CBRE and KALMARs have advised Centerbridge and Argon Capital on the sale of Bermondsey Reach to Wittington Investments and Fifth State.

The 1.3-acre regeneration site is a freehold mixed-use development opportunity located within the London Borough of Southwark and has planning consent for 312 residential apartments and over 20,000 sq ft of retail and commercial floorspace.

Sebastian Kalmar, Director and Development Consultant at KALMARs commented: “Bermondsey Reach has the potential to be one of the most iconic developments in the area. It has exceptional transport links and is in the heart of New Bermondsey Quarter – one of the most exciting regen areas in South East London.”

Jonathan Allen, residential development at CBRE, said: "This is a rare opportunity to bring forward a large, mixed-use scheme within the Old Kent Road Area Action Plan and adjacent to the £2bn New Bermondsey regeneration. CBRE’s research shows that residential property values that form part of key London regeneration areas increase by an average of 4.7% per annum, demonstrating that Bermondsey Reach is an attractive, long-term investment."
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This is the second transaction Wittington Investments and Fifth State acting as development managers have partnered on. See also City Link House in Croydon.

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