McAleer & Rushe has been appointed by Greystar to deliver two buildings within The Bermondsey Project masterplan, one of London’s largest regeneration projects.
The selected buildings include Blocks 1-5, which will deliver 359 homes split between market and intermediate rent, and Building DE, a 20-storey tower with 225 homes alongside a four-storey office space.
Construction of The Bermondsey Project began earlier this year, with the first homes expected to be ready for occupation in the Autumn of 2025 and the whole scheme expected to be complete in the second half of 2027.
Darragh Greenan, Director at McAleer & Rushe comments on the appointment:
“We are delighted to have been entrusted by Greystar with two out of the four distinct plots, Buildings 1 – 5 and Building DE, to help bring their vision for the Bermondsey Project to life. At McAleer & Rushe, we pride ourselves on being the trusted construction partner for large-scale, multi-phased regeneration schemes that aim to not only build homes but to create thriving, new sustainable neighbourhoods. We are committed to delivering exceptional homes to the highest standards, while working closely with the local community over the next three years to make a lasting and positive contribution.”
Mark Allnutt, Europe Investment Management Leader, Greystar:
“This landmark development reinforces our commitment to delivering high-quality housing across all segments, from market-rent homes to affordable social housing, while also creating new opportunities for businesses and the local community. We are pleased to have closed this debt facility and secured partnerships with leading contractors, who each bring unique expertise and a strong track record in delivering complex urban developments. Their contributions will be instrumental in ensuring that the project meets our ambitious goals, not only in delivering homes, but also creating dynamic spaces that reflect the heritage and future potential of Bermondsey.”
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