Pearl Yard Bermondsey

Identify and fill 117 Sustainable Employment Opportunities for Unemployed Southwark Residents in or connected with the End Use (Detailed Element). Part of Combined Employment Target.

Schedule 7 paragraph 2.2(a)

Place 367 Unemployed Southwark Residents into Sustained Construction Industry Employment during the Construction Period (Detailed Element). Any resident achieving Progress in Employment after 26 weeks counts twice, capped at 50.

Schedule 7 paragraph 1.4(a)

Place 30 Unemployed Southwark Residents into Sustained Construction Industry Employment during the Construction Period (Outline Element).

Schedule 7 paragraph 1.4(a)

Train a minimum of 367 Borough residents using Short Courses during the Construction Period (Detailed Element).

Schedule 7 paragraph 1.4(b)

Train a minimum of 30 Borough residents using Short Courses during the Construction Period (Outline Element).

Schedule 7 paragraph 1.4(b)

Provide a minimum of 91 new Apprenticeships or NVQ Starts during the Construction Period (Detailed Element).

Schedule 7 paragraph 1.4(c)

Provide a minimum of 7 new Apprenticeships or NVQ Starts during the Construction Period (Outline Element).

Schedule 7 paragraph 1.4(c)

Identify an estimated 41 Sustainable Employment Opportunities for Unemployed Southwark Residents in or connected with the End Use (Outline Element). Exact number to be quantified following FTE business/retail job calculation per Employment Density Guide.

Schedule 7 paragraph 2.2(a)

10 per cent of total contract value to be procured from organisations based in the Borough (Southwark). Workplace Co-ordinator must liaise with Council local economy team. Owner must advertise sub-contracting to Borough SMEs via local business networks, local press, and meet-the-buyer events. Procurement seminars must be run during construction.

Schedule 7 para 3.2

Bermondsey Station Footway Contribution of £50,000 Index Linked, to be used towards works to the footway outside Bermondsey Station.

Schedule 5 paragraph 6

Legible London Contribution of up to £25,000 Index Linked, paid to TfL for installation of Legible London signage in the vicinity of the Revised Development.

Schedule 5 paragraph 5.2

Street Tree Maintenance Contribution of £27,120 Index Linked, applied towards increased pruning and maintenance of 14 named Street Trees on the perimeter of the Revised Development.

Deed definitions - Street Tree Maintenance Contribution

Bus Service Capacity Contribution of £300,000 Index Linked, paid to TfL towards provision of additional bus service capacity in the vicinity of the Revised Development.

Schedule 5 para 6

Affordable Housing Monitoring Fee of £52,675.30 Index Linked (Detailed Element), towards Council reasonable costs in monitoring compliance with Schedule 3 and Schedule 4 affordable housing requirements.

Deed definitions - Affordable Housing Monitoring Fee

Environmental Protection Team Monitoring Contribution of £130,235 Index Linked, towards monitoring of the Revised Development during the Construction Period, any air and noise complaints, and discharge of conditions.

Deed definitions - Environmental Protection Team Monitoring Contribution

Administration Cost of £35,344.30 for the Council reasonable costs in administering this Deed including maintenance of financial records and monitoring compliance. Paid by the Owner prior to the date of this Deed.

Deed definitions - Administration Cost

Delivery and Service Monitoring Fee of £2,790 Index Linked, towards Council costs in monitoring the Delivery and Service Plan and Delivery and Service Management Plan during the Delivery and Service Monitoring Period (2 years from 75% residential or commercial occupation).

Definitions - Delivery and Service Monitoring Fee

Delivery and Service Cash Deposit of £77,764 Index Linked, retained by the Council if the Owner fails to comply with the Delivery and Service Plan terms. Baseline of 475 motorised vehicles per day applies. Monitoring Period is 2 years from Occupation of 75 per cent of Residential Units or 75 per cent of Commercial Floorspace.

Definitions - Delivery and Service Cash Deposit; Schedule 5 para 8

TfL Cycle Hire Docking Station Contribution Cap of £440,000 Index Linked. Two TfL Cycle Hire Docking Stations of 30 docks each are safeguarded on the Land. If TfL elects within the Safeguarding Period to install, Owner pays anticipated cost up to the Cap. Land provided at nil cost; 125-year lease at peppercorn rent. TfL Cycle Hire annual membership funded by Owner for every Residential Unit on request for 3 years from first Occupation.

Schedule 5 para 2 (definitions)

Construction Environmental Management Plans Monitoring Fee of £78,774.71 Index Linked, applied towards cost of monitoring the Construction Environmental Management Plans. Paid by the Owner prior to the date of this Deed.

Deed definitions - Construction Environmental Management Plans Monitoring Fee

Carbon Offset Contribution calculated per phase, maximum £659,735 across all phases (based on up to 231 tonnes CO2 at £95/tonne/year for 30 years). Payable where Agreed Carbon Targets not achieved or no District CHP connection.

Schedule 6 paragraph 3

Highway Resurfacing Contribution of up to £100,000, applied towards highway resurfacing works following completion of the Revised Development.

Schedule 5 paragraph 7.1

Existing Underpass Improvements Contribution of up to £700,000 Index Linked, applied towards delivery of Existing Underpass Improvement Works at St James Road and/or Southwark Park Road.

Schedule 8 paragraphs 7.3 and 7.4

Highway Condition Survey to be received by the Council prior to commencement. Survey received under Council reference 21/AP/0468. Obligation carried over from Original Section 106 Agreement (4 June 2020) and deemed satisfied under this Revised Deed.

Clause 6.3(c)

School Highway Works Highways Agreement to be entered into prior to occupation of the School. Agreement entered into under the Original Section 106 Agreement (4 June 2020) and deemed satisfied under this Revised Deed.

Clause 6.3(d)

Provide Affordable Housing comprising Intermediate DMR Housing and Social Rented Housing. Target 40% of Residential Units by Habitable Rooms. London Living Wage (£13.15/hr at deed date) applies to all employees of affordable housing units.

Schedule 3 and Schedule 4; paragraph 2.2(a)

Playspace Contribution of £100,000 Index Linked, for improving play facilities for children aged 12+ in the vicinity of the Land or delivery of the New Bede Centre.

Schedule 8 paragraph 11

24-hour public access on foot, wheelchair and cycle to the Public Realm. Public realm to provide at least 1,800 sqm of dedicated play space, 1,790 sqm of playable space, and 1,260 sqm of communal residents amenity. Minimum two free-to-use drinking water fountains in the Public Realm. Site-wide Urban Greening Factor of at least 0.4.

Schedule 8 + Decision Notice condition 27

No less than 10 per cent of total Use Class B1 employment floorspace to be provided as Affordable Workspace for 30 years from Practical Completion. Rent capped at £13 per sq ft per annum inclusive of service charge, Index Linked from Original Section 106 Agreement. Eligible tenants: charities, social enterprises, creative/artists workspace, rehearsal/performance/makerspace, occupiers from disadvantaged groups, businesses supporting educational outcomes, other SMEs based in the Borough. Business incubator space explicitly permitted.

Schedule 11

Publicly Accessible Roof Terrace on Building BF-F with publicly accessible lift. Must be open during Opening Hours once 90 per cent of Building BF-F is occupied.

Schedule 8 paras 8-10

Railway Arch Links (Northern and Southern) providing public pedestrian and cycle routes through the site, free of charge, 24 hours a day, 365 days a year.

Schedule 8 paras 4-7

Cultural Strategy delivering a rolling programme of publicly accessible cultural events on ground floor multi-use spaces (Building BF-F primarily). Events may be free or ticketed. Maximum 20 days per year of private/ticketed events; maximum 5 days in any one month.

Schedule 8 para 13

Car Club obligation: 2 on-site spaces and 2 on-street spaces in the vicinity, operated by a Carplus-accredited Car Club Operator. Subsidised Car Club membership offered to all Residential Unit occupiers. Car Club annual membership funded by Owner for every Residential Unit on request for 3 years from first Occupation (one membership per year per unit).

Definitions + Schedule 5

Biodiversity enhancement: 12 bat tubes and 3 bat boxes for trees, 18 bird nest boxes for buildings and 3 for trees, 6 bee bricks or invertebrate hotels. Native planting prioritised in green/brown roofs (80-200mm substrate depth). Site-wide Urban Greening Factor of at least 0.4.

Decision Notice conditions 28-29

Charter Schools Education Trust has leasehold of Building BC-6 (under-lease from Secretary of State for LUHC). Building BC-6 covenant: cannot be used for anything other than a School without written Council consent.

Schedule 9

Owner is a board member of BIDCo (The Blue Bermondsey BID Company Limited) for the BID Third Term: 1 April 2024 to 31 March 2029. Owner cannot poach existing BID tenants for 10 years from Practical Completion of any Building containing Commercial Floorspace.

Schedule 10

School Feasibility Study to be submitted to and approved by the Council. Study received under Council reference 21/AP/3308. Obligation carried over from Original Section 106 Agreement (4 June 2020) and deemed satisfied under this Revised Deed.

Clause 6.3(e)

School Energy Assessment Update to be submitted to and approved by the Council. Update received under Council reference 21/AP/3397. Obligation carried over from Original Section 106 Agreement (4 June 2020) and deemed satisfied under this Revised Deed.

Clause 6.3(f)