Jan
29
Billionaire’s Property Firm Faces Refusal for 1,300 London Homes
ByGrosvenor Group Ltd., one of the biggest central London property owners, is facing rejection of its plan to develop more than 1,300 rental homes in the arty Bermondsey district.
Planning officials recommended Southwark borough members vote against the plan on Feb. 6, in part because they say the most-affordable homes in the south London project would be too expensive for lower-income renters, according to a filing by the borough on Tuesday. Grosvenor wants to create a 500-million-pound ($654 million) neighborhood on the site of a former biscuit factory, which would include a school, office space and food and drink outlets…
Billionaire’s Property Firm Faces Refusal for 1,300 London Homes
