Gateway 3 - Variation to the terms of the Pre-development agreement for Key Worker Housing and community facility at 177 Abbey Street Bermondsey, London, SE1
February 26, 2026 Strategic Director of Resources (Officer) Key decision Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...approved the variation of the Pre-development Agreement for Key Worker Housing and community facility at 177 Abbey Street Bermondsey, London SE1, with Bouygues UK Ltd., to extend the council's underwriting to cover unforthcoming grant receipt and Building Safety Act delays, increase the development partner's contribution to the community facility fit-out, and extend the lease length to 125 years.
Full council record
Purpose
To vary the principles of the underwriting
provisions of the contract and the lease length
Decision
That the Strategic Director of Resources approves the
variation of the Pre-development Agreement (PDA) contract for
Key Worker Housing (KWH) and community facility relating to land at
177 Abbey Street Bermondsey, London SE1, with Bouygues
UK Ltd. (Bouygues UK), as set out in
paragraph 8 of the report.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 26 Feb 2026 |
| Subject to call-in | Yes |