Industrial site to be transformed into “striking” residential scheme following £2.4m deal
An industrial site in South London is set to become a residential scheme following a multi-million pound acquisition.
Lynton Road in South Bermondsey, which is set to be redeveloped, has been sold for £2.4m by South London estate agent KALMARs.
Purchased by Featherstone Homes, The site at 304-314 Lynton Road gained planning consent from Southwark Council in November 2020 and is set to be transformed into 19 new apartments.
Rowan Stewart, director at Featherstone Homes, commented: “Lynton Road is a brilliant acquisition for us. At Featherstone the process of selling top-quality homes starts with finding the right site, and there are few more exciting up-and-coming areas than South Bermondsey in South London at the moment.
“This acquisition demonstrates what an exciting time of expansion this is for us as a business - though we are a small developer we have a varied and successful portfolio and we’re looking forward to the launch at Lynton Road.”
Sebastian Kalmar, director at KALMARs, added: “KALMARs are passionate about South London and it’s always exciting for us to be involved in helping with sites like this that are underutilized and have a great deal of potential.
“We’ve for many years been promoting and keen to see further investment and improvements made to South Bermondsey, with projects like this we are excited to see a great area benefit from good architecture improving the existing setting and providing high quality homes to the community.
“We have always enjoyed working with Featherstone Homes in the past, and we look forward to helping with the development at Lynton Road over the next few years.”
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