Acorn Property Group and Galliard Homes acquired the land at 33 Bear Lane in December 2018 with a view to creating a “creative hub”comprising a mixture of offices, commercial units, shops and restaurants.
The site as outlined in red, is part of a wider ownership outlined in blue. The site is bounded by Bear Lane, Dolben Street and Treveris Street and contains a series of brick buildings and steel-framed sheds that are currently unoccupied. The occupiers of these buildings have relocated elsewhere within the local area. Adjacent to the site are six railway arches, which are subject to a long lease to Acorn and Galliard. On the opposite side of these arches 8 Chancel Street is also owned by Acorn and Galliard.
Planning approval was obtained in March 2019 to allow the “flexible”use of the cathedral-like space within the railway arches. This is part of a masterplan to allow a comprehensive redevelopment of the entire ownership creating a commercially-led development of new offices, commercial units, shops and restaurants that would form another jewel within Southwark Council’s “Low Line” initiative.
Initial proposals to bring forward that comprehensive redevelopment were presented in January 2020 when a public exhibition was held of Acorn and Galliard’s initial thinking. Following feedback from the exhibition and subsequent meetings with Southwark Council and the local community revised proposals are now being presented that are a direct result of the feedback received. An application in respect of the land at 33 Bear Lane will be submitted in the new year.