Get Living

Get Living and Muse agree £252m forward funding deal

Muse Developments and Get Living PLC have agreed a major £252m forward funding deal to accelerate the delivery of the second and final phase of Lewisham Gateway.

Once complete, the scheme will be operated by Get Living and provide 649 homes for rent.

Alongside 106 London living rent and 424 market rent homes, there will be 119 co-living units.

The two companies are working closely to develop well-specified studios and shared space for the co-living element.

The project also includes circa 25,000 sq ft of retail space, around 15,000 sq ft of food and beverage space, a gym and 10,000 sq ft of offices.

Lewisham’s first major multiplex cinema will also be part of the scheme, and has been pre-let to Empire Cinemas on a 25-year lease.

Lewisham Gateway
Lewisham Gateway: phase two of the residential neighbourhood

This scheme will take Get Living’s total number of homes within its management and pipeline to more than 8,000 across four cities.

The wider development is a joint project between Lewisham Gateway Developments — a subsidiary of Muse Developments — the London Borough of Lewisham, the Mayor of London, and Transport for London, supported by Homes England.

Lewisham Gateway has already delivered 362 new homes, alongside new shops and restaurants, a public park with children’s play space, and access to the rivers.

Balfour Beatty plc has been appointed as the main contractor of the scheme, which is due to begin works imminently in-line with current government guidance and completion is anticipated in 2023.

Mike Auger, regional director at Muse, said: “The deal with Get Living PLC is a proud moment for everyone involved with Lewisham Gateway, as it highlights investor confidence in our long-term vision — despite the unprecedented situation we all find ourselves in — to deliver a truly transformational scheme that will drive economic and social prosperity in the heart of Lewisham when it’s needed most.”

Rick de Blaby, CEO at Get Living, added: “We are excited to be playing a key role in the next phase of Lewisham Gateway; delivering new homes for rent, alongside retail, co-working and public space for residents and the wider, local community.

“This is [our] third London neighbourhood and sixth nationally and we are committed to delivering real social value for local people.”

Graham Hill, managing director at Balfour Beatty’s UK construction services business in London, commented: “All works will be delivered strictly adhering to [our] Covid-19 site operating procedures, which are fully aligned [with] the latest UK government guidelines, to ensure the continued health, safety and wellbeing of all those who work for and with the company.”

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