{"id":68002,"date":"2019-11-25T09:03:32","date_gmt":"2019-11-25T09:03:32","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=68002"},"modified":"2019-11-25T09:29:57","modified_gmt":"2019-11-25T09:29:57","slug":"hatcham-road-kalmars","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/hatcham-road-kalmars\/68002\/","title":{"rendered":"Bermondsey industrial site to transform into residential scheme"},"content":{"rendered":"

An industrial site at Hatcham Road, Bermondsey, which has been sold for \u00a39.75m by KALMARs\u00a0<\/strong><\/a>and joint agent\u00a0Kingsbury<\/a>, is set to be redeveloped into a new residential scheme<\/h2>\n

The site was purchased by housebuilder\u00a0Optivo\u00a0<\/strong><\/a>in a joint venture (JV) project with housing association\u00a0Skillcrown<\/a>. The\u00a0Hatcham Road\u00a0site is part of the Old Kent Road<\/a> Opportunity Area, and has planning permission for a nine-storey building providing new homes and commercial units.<\/p>\n

Sold on behalf of\u00a0Aitch Group<\/a>, the proposed\u00a0Hatcham Road\u00a0scheme will provide 86 homes with a mixture of one, two and three-bedroom apartments and two large commercial units on the ground floor.<\/p>\n

It was designed by Alan Camp Architects<\/a> and will deliver 61,000 sq ft of residential space and 7,600 sq ft of commercial space in total. The site received resolution to grant planning permission in November 2018.<\/p>\n

The purchased industrial site totals 0.45 acres across 3 parcels of land; a single storey building containing three commercial units; yard space; and a two-storey industrial building with yard space.<\/p>\n

Old Kent Road transformation<\/h3>\n

Hatcham Road is located 0.4 miles from Old Kent Road which is undergoing extensive redevelopment into a new \u2018city\u2019 which will provide 20,000 new homes and workspace for 10,000 new jobs.<\/p>\n

The Old Kent Road Opportunity Area and new Action Plan is a 20-year investment strategy to strengthen the area\u2019s appeal, build stronger communities and provide highly-sought-after homes.<\/p>\n

KALMARs\u00a0recent research reported that the Old Kent Road regeneration plans have a GDV of \u00a310.7bn, with the Bakerloo Line Extension proving hugely attractive to investors and developers.<\/p>\n

Sebastian Kalmar,\u00a0director of Residential Development\u00a0at\u00a0KALMARs, commented: \u201cKALMARs\u00a0are delighted to have guided the successful sale of\u00a0Hatcham Road, an industrial site that is set to be transformed into new-build homes and commercial space.<\/p>\n

\u201cThe area within the Old Kent Road Opportunity Area is seeing significant investment and we expect the area\u2019s appeal to grow over the coming years. Given the potential increase in land values once a scheme is completed,\u00a0Hatcham Road\u00a0could prove to be a very substantial investment.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

An industrial site at Hatcham Road, Bermondsey, which has been sold for \u00a39.75m by KALMARs\u00a0and joint agent\u00a0Kingsbury, is set to be redeveloped into a new residential scheme.<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[676,997,572,656,669],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-68002","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-construction","8":"tag-development","9":"tag-housebuilding","10":"tag-housing","11":"tag-regeneration"},"acf":[],"yoast_head":"\nBermondsey industrial site to transform into residential scheme<\/title>\n<meta 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