Boultbee LDN completes purchase of Southwark residential development site for £21m

Tuesday 10th February 2015

Boultbee LDN in a JV with Peverill Securities and Shape Real Estate have recently completed the purchase of a consented residential development site in Long Lane, Southwark, for £20.15m.

The site, sold by JLL on behalf of USS, comprises approximately 83,000 sqft and will include 95 residential units (57 open market sale, 38 affordable) and 12,564 sqft of commercial space with permission for B1 use. The anticipated GDV is £64.3m.

Steve Boultbee-Brooks, Chairman of Boultbee LDN, comments: “This site represents an excellent opportunity to create a high-quality mixed use scheme incorporating private and affordable housing together with commercial space. Southwark has benefited from regeneration in recent years, and this scheme will reflect the diverse accommodation that has made Southwark a vibrant place to live and work, with both domestic and international appeal.”

The site is located on the corner of Long Lane and Weston Street in the London Borough of Southwark.

The development will be managed Boultbee LDN joint venture development partner Shape Commercial.