Commercial Property News
Wandsworth Council has given the green light to plans to redevelop the Battersea gasholder site in Nine Elms.
The project, a joint venture between between Berkeley Group’s developer St William and National Grid, will see the construction of 839 homes, a nursery, a selection of shops and a new public square.
Among the news homes, 201 will be marketed as 'affordable' and will be made available for local residents to buy or rent at a reduced price.
The project will be designed by Squire and Partners, with the master plan boasting 12 buildings ranging from seven to 26 storeys in height.
The mixed-used scheme will provide just over 50,000 square feet of office and education floorspace.
All four of the gasholders at the site, which are situated close to the world-famous Battersea Power Station, were decommissioned in 2013, with demolition already underway.
The gasworks represents something of a key position for developers, due to its location between Battersea Park and the new town centre.
Alison Dowsett, Managing Director of St William, said: “This will open a former industrial site up for the first time in over 150 years and create a fantastic new place for the borough.”
Construction on the project is due to begin in 2016, with the first occupations set for 2019.
As part of the development, there will also be £30 million investment in the Northern Line surrounding Battersea, as well as a range of improvements to local community services.
Another £4 million will be spent on improving neighbouring Battersea Park Station, such as the addition of a second entrance and new lifts.
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