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The project is expected to deliver a block of flats with approximately 150 affordable homes for key workers
The housing will be available to key workers 鈥� including social workers, teachers, fire-fighters, police and NHS clinical staff 鈥� with a combined household annual salary of between 拢26,000 and 拢67,000 per year.
The site, next to the Arnold Estate, between London Bridge and Bermondsey stations, will be the first development project under the council鈥檚 emerging affordable housing supplementary planning guidance.
The development will include a new community centre.
The contract value has yet to be determined as the scheme is still in the development phase.
But subject to planning, construction is expected to start around mid-2026, with completion targeted for 2029.
Oliver Campbell, managing director of Bouygues UK鈥檚 development arm, said: 鈥淏uilding on our successful collaboration on several projects, including the Tustin Estate scheme where we are delivering nearly 700 new homes, we value our strong partnership with the council.
鈥淧roviding affordable housing for keyworkers is a vital step in supporting those who are indispensable to the wellbeing of the community. This project represents an exciting opportunity to further our collaboration and make a lasting contribution to the future of Southwark, and we eagerly anticipate bringing this vision to fruition. Construction will progress at pace, ensuring that these much-needed facilities are delivered promptly and to the highest standards."
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