An affordable housing scheme in Peckham is close to completion, and is set to be handed over to a housing trust within weeks.
Metropolitan Housing Trust appointed developer Guildmore to design and build 27 apartments (of which 22 are shared ownership and five for private sale) at Rye Lane, and is expected to take ownership soon before launching sales.
The development is located at the junction with Copeland Road, and is spread across six floors, above two ground-floor retail units on the ground floor.
In February 2017, the mayor of Southwark, Kath Whittam, toured the site with was given a tour of the site by Guildmore’s managing director Engin Ertosun and new business manager Patrick Quinlan.
As part of the development's topping out ceremony she laid the block’s first brick.
Whittam welcomed the scheme: "It was an honour to attend the topping out ceremony at Rye Lane.
"These new shared ownership flats will help many families, who would not have been able to afford to buy a home outright, get on the property ladder".
Ertosun was also confident that the development would help deliver Southwark's affordable housing targets, and that it would "make a positive contribution to the Peckham area".
Southwark Council has bought Courage Yard on Shad Thames, near Tower Bridge, which it will redevelop to generate income for frontline services.