Berkeley plans to restart stalled towers scheme in south London

Malt Street 1

Tools downed on Old Kent Road’s biggest redevelopment last year amid viability concerns

Berkeley has outlined its strategy to restart work on its stalled 1,300-home Malt Street redevelopment, the biggest single residential scheme on the Old Kent Road.

Construction of the Bermondsey Place development commenced in September 2021 but ground to a halt in May last year as sharp increases in material costs hit the scheme’s viability.

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