The £1billion regeneration of Wandsworth Town is about to take another significant step forward as work gets underway on two more major investment sites.
Specialist London developer Mount Anvil and the Workspace Group have announced they are about to begin a joint £80mn redevelopment of the two-acre Wandsworth Business Village site between Broomhill Road and Buckhold Road.
The scheme, which already has planning permission, will create 80,000 sq ft of high quality commercial office space and 209 new homes. Work will start later this year.
Mount Anvil has now also confirmed its acquisition of the 1.5 acre Cockpen House site – a disused office and warehouse block next door to the business village - which has planning permission for a mixed development including 207 new homes with ground floor retail and office space. This £75mn project will get underway in June this year.
Council regeneration spokesman Ravi Govindia says: “Wandsworth Town has remained an investment magnet throughout the downturn and its regeneration is showing no sign of slowing. These two projects will complete the transformation of the area between the high street and King George’s Park, which has benefitted from a series of major improvements in recent years.
“New pedestrian routes and public spaces will be created across these vast sites which have been almost completely closed off to the public up until now. There will be new cafes and shops, as well as hundreds of badly need new homes and job opportunities.
“The council has also ensured that Workspace Group’s commercial space in the business village will be available at a discounted rate to encourage more dynamic small businesses to establish themselves in the town centre.”
Wandsworth Town is a designated regeneration zone close to south bank of the Thames. The area is benefiting from more than a £1billion on new investment – the vast majority from the private sector.
The regeneration process has already seen the opening of a new town centre library, the transformation of the shopping centre into the Southside complex plus a host of redevelopments in Hardwick's Way, Smuggler's Way, Buckhold Road, South Thames College and overlooking King George's Park.
These schemes have brought new retail, leisure, residential, employment and educational opportunities to area and acted as magnets for new investment.
Work is currently underway on several major schemes and planning approval has recently been granted for several more. A summary of Wandsworth Town’s major investment sites includes:
South Thames College redevelopment
Wandsworth Town Library
Southside Shopping Centre Phase 1
Currently on site
Battersea Rise (mixed residential / retail / commercial)
Wandsworth Town Station upgrade and new entrance
Osiers Road (residential)
Riverside Quarter (mixed residential / retail / commercial)
Plans approved, about to start
Wandsworth Business Village (mixed residential / commercial)
Cockpen House (mixed residential / retail / commercial)
East Hill Hotel
Southside Shopping Centre Phase 2
Sainsbury's Garratt Lane (mixed hotel / retail)
Applications expected soon
Ram Brewery (mixed residential / retail / commercial)
April 21st, 2011