Tricky times for £1bn build to rent scheme

Finefair provides scalable services to suit any kind of blocks. Whether it is a handful of storeys or a huge high rise, we can manage the property. Our ability to deliver great value is the reason we are the top team for block management Southwark has. Therefore, if you need this kind of service, see what we can do for you before calling on anyone else.

Bermondsey is a popular riverside spot just to the east of Southwark. There are plenty of great homes here, particularly in warehouse conversions. These properties attract numerous buyers, including professionals who want to be near the river and fantastic local amenities.

Lots of eyes are currently on Bermondsey because of plans by Grosvenor property group. They want to create 1,343 build to rent flats in blocks ranging from 4 to 28 storeys. The new homes would range in size from studios for professionals to larger three bedroom flats for families or people sharing.


The issue with the plan is that only 27.5% of the development is affordable homes. This is not in line with Southwark Council’s planning policy which has a target of at least 35%. By affordable the council means that there is a minimum 25% discount on market rent.

Grosvenor claims it would take an additional investment of £100million to achieve this kind of target. Therefore this would affect how financially viable the development is.

The proposals for the £1bn project are currently under consideration. The council’s planning committee is expected to reject the plan because of the lack of affordable housing. If they do the Greater London Authority (GLA) will rule on it.

Block managers

If the project goes ahead in the future it will provide several new blocks of apartments. Finefair is the leading name for block management Southwark has, able to manage any kind of portfolio. As a result we would be happy to offer our services to investors.

You can find out more about what we have to offer on our website. Alternatively, why not give us a call and speak to a member of our team? This is the easiest way to get answers to your questions and recommendations.