Southwark Council has granted planning permission for the development of the former print works site at 18-19 Crimscott Street in Bermondsey, London SE1.
The scheme is a joint venture between Prime London Residential Development Fund II, a fund managed by Savills Investment Management, and Fruition Properties. The new building comprising apartments and offices is designed by TP Bennett architects.
Parul Scampion, COO at Fruition Properties, commented: “We have worked closely with a highly skilled team of planners, architects and consultants throughout the entire application and consultation process to ensure we address any concerns that our stakeholders may have. By engaging with Southwark Council’s planning team, as well as the local community, early on in the process, we feel confident that our proposal is one that not only meets the requirements for this key site, but also adds a new dimension to the area. This is our first scheme with Savills Investment Management, the fund management arm of one of the largest real estate advisors in the world, reflecting confidence in our offering, our team and our approach to development.”
James Whidborne, Fund Director at Savills Investment Management, added: “This is a great result for the Fund and partnership with Fruition Properties, particularly in light of the challenging political climate at present. This scheme marks the eighth planning consent we have achieved across our two London development funds and we are extremely excited to work with Fruition Properties to take it forward.”
Emiliano Acciarito, Director at TP Bennett said: “Bermondsey is fast becoming a sought after area to live and socialise due to its thriving bar and restaurant scene and its proximity to London Bridge. The apartments on Crimscott Street will provide a growing community with a series of high-quality residences within a vibrant mixed-use development and an opportunity to experience city living in an area that has much to offer. The design of the building draws on the mixed-use nature of the scheme and its specific uses are each expressed by considered juxtaposing volumes, whilst the local history is referenced through consistent materials of masonry and reconstituted stone elements.”
Work on site will commence in the next few weeks. To register your interest and receive exclusive pre-launch information, please see the development website.