Grainger picked for large Lewisham Council development

Lewisham Council has announced that Grainger has been selected as the preferred bidder for a partnership to develop and own 232 new purpose-built private rented homes, and provide a new ethical rental offer to Lewisham residents including long-term, family-friendly tenancies, Grainger announced on Thursday.

The FTSE 250 company said the partnership would develop around 232 homes, including 35% affordable homes to be let at the 'London Living Rent', on a site at Besson Street in New Cross.

In addition to the 232 new homes, the partnership would also develop a health centre for the local community, new office space for the New Cross Gate Trust and an outdoor gym.

“Lewisham Council and Grainger will now finalise the legal agreement and will make a further announcement in the spring of 2018, when the partnership is expected to be formally launched,” Grainger’s board said in the short update.