Large-scale Bermondsey development moves forward

By Jim Dunton - Thu 19 September 2013, 9:00 am

Developer London Square is moving to buy the 30,000 sq feet Rich Industrial Estate in Bermondsey for a £200 million residential-led development, according to reports.

The firm is under offer to buy the Crimscott Street site for £40 million from owners the Rich Group, Estates Gazette reported.

The magazine said there was scope for 500,000 sq feet of commercial and residential space at the site, which is expected to provide around 300 flats.