Sunday 19 November 2017

Berkeley plans 6,000 homes in London

Neil Callanan

BERKELEY Group is weighing the development of 2,000 more homes than originally planned at a site less than five miles south of London City Airport.

Berkeley now plans to build almost 6,000 homes on a plot of land at Kidbrooke that included the Ferrier Estate, a former government-housing project, the company said in a filing to London Mayor Boris Johnson.

The homebuilder, the largest developer of mixed-use buildings in London, will seek approval for the extra homes "in the near future," according to the filing by planning consultants Barton Willmore LLP on behalf of Berkeley.

No one at Berkeley was immediately available for comment yesterday.

Johnson has said he wants to increase the number of homes built in London as values soar and the city's population is estimated to grow by about a million people from 2011 through 2021. Berkeley says it can develop more homes at the Kidbrooke Village project if Johnson increases the minimum number of new homes allowed in districts earmarked for housing construction.

Berkeley is working with the borough of Greenwich and the Greater London Authority on the Kidbrooke project, where a two- bedroom apartment is priced from £407,500, according to the Cobham, England-based homebuilder's website.

The developer has built about 830 homes there since 2009, according to the filing dated April 10. (Bloomberg)

Sunday Indo Business

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business