Ludgate Hill, London

There is a pressing need for more lower-cost and affordable housing, with research indicating that England needs 340,000 new homes a year until 2031 to tackle the housing shortage, including 90,000 for social rent. This need is particularly acute in urban areas, where 68% of the world population will be living by 2050.

By investing in housing, Bridges is helping to tackle this fundamental shortage of supply, while also enabling local employment and positive regeneration of these areas. At the same time, we look to incorporate leading environmental and sustainable features into the construction and building design, to support the decarbonisation of the built environment.

In January 2023, Brigdes and HUB completed the acquisition of a largely vacant office building, which is no longer fit for the needs of modern occupiers.
The business plan is to carry out a sustainable refurbishment and conversion of the existing office building to a 35-bedroom apart-hotel scheme.

The biggest challenge of the built environment is retrofitting existing building stock. By refurbishing the existing structure and facade of this largely vacant office building to leading environmental standards, we are targeting Net Zero carbon in operation as well as BREEAM “Excellent” and WELL Gold.