Embassy Gardens plans approved

Release date: Friday 17th February 12

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Wandsworth Council last night (Thursday 16 Feb) approved plans for a 15 acre residential and business development in the Nine Elms regeneration zone.

Embassy Gardens

Ballymore's 'Embassy Gardens' scheme would provide up to 1,982 new homes alongside shops, cafes, bars, restaurants, business space, a 100 bed hotel, a health centre, children's playgrounds and sports pitches.

It would also provide more than 6 acres of new outdoor public space including a section of the Nine Elms linear park which will run the full length of the district.

The development site is located to the south of Nine Elms lane and wraps around the site of the new US Embassy.

As part of the scheme's Section 106 package Ballymore has agreed to pay between £52.5mn and £55.7mn towards improving local transport and social infrastructure. The exact figure will depend on the timing of the payments and final form of the development.

The majority of the sum will go towards the Northern Line Extension which will connect Nine Elms to the tube network.

The developer will also provide £200,000 towards an extension of the Barclays Cycle Hire Scheme, £300,000 towards a local employment initiative and six car club parking spaces.

The scheme would provide up to 1,982 flats of which up to 298 would be set aside as intermediate and affordable rent homes. 

If the value of the development improves during the build period the developer has agreed to share up to £40mn of the extra profits with the council. The funds would be used to provide more affordable homes across the regeneration zone.

Property agency Knight Frank expects values in Nine Elms to rise 140 per cent by 2016.

Wandsworth Council's planning chairman Nick Cuff said:

"Another fifteen acres of industrial land will now be transformed into new homes, offices, shops and green open space. The completed scheme will support thousands of new jobs and is an important piece of the Nine Elms jigsaw.

"The development comes with another major contribution to the Northern Line Extension which will cut journey times to the financial district to below 15 minutes.

"Through the scheme's legal agreement we have ensured that Wandsworth residents directly benefit from the rising property values in Nine Elms. If prices increase, Ballymore will hand over up to £40mn of the super profit which will be used to provide more affordable homes for local people."

The Embassy Gardens masterplan was designed by Sir Terry Farrell and consists of nine building plots, with individual buildings rising up to 23 storeys in height.

The phase one detailed designs were also produced by architects Fielden Clegg and Bradley, Allford Hall Monaghan Morris and FLACQ.

To view the Embassy Gardens plans visit www.wandsworth.gov.uk/planning
- application number 2011/1815.

ENDS

About Nine Elms

The Nine Elms Opportunity Area includes 450 acres of land between Battersea Park and Lambeth Bridge on the South Bank of the Thames .

Property value is expected to rise faster in Nine Elms than in any other part of London according to property agency Knight Frank. The company has forecast growth of 140 per cent by 2016.

The London plan anticipates up to 16,000 new homes and 25,000 new jobs will be created as Nine Elms changes from a light industrial zone to a mixed residential and business district. 12,000 of these new homes are already in the planning pipeline.

A new pedestrian and cycle bridge across the Thames will create another link to neighbouring Westminster .

Work is now underway on major developments in the area including St George's Vauxhall Tower scheme and St James Group's Riverlight development.

Enabling works are also underway on the site of the new US Embassy which is expected to open in Nine Elms in 2017.

The area also includes Battersea Power Station which has planning permission for more than 4,000 new homes and a new town centre development.

Nine Elms and Vauxhall development sites
Status

Vauxhall Tower

Construction started

Riverlight

Construction started

Vauxhall Station

Construction started

US Embassy    

Enabling works started

Embassy Gardens

Plans approved

Marco Polo House

Plans approved

Battersea Power Station

Plans approved

Sky Gardens

Plans approved

Hampton House

Plans approved

Black Prince Road

Plans approved

Sainsbury's

Application submitted

One Nine Elms

Application submitted

The Garden at New Covent Garden Market

Application submitted

Vauxhall Square

Application submitted

Nine Elms Parkside

Application submitted

More redevelopment proposals have been unveiled recently including National Grid's plans for a mixed use scheme on the Battersea Gas Holders site.

About the Northern Line Extension NLE map

The NLE would provide two new Tube stops in the Vauxhall, Nine Elms, Battersea (VNEB) Opportunity Area. One would be located at Wandsworth Road and another at Battersea Power Station.

The construction of the new underground tunnel and stations is expected to be funded largely through a levy on private development sites in VNEB.

The Government is considering the creation of a Nine Elms Enterprise Zone which will enable further funding to be raised through borrowing against future growth in business rates.

The scheme is expected to cost around £900 million.

Three years of detailed planning and design work are already complete and the scheme received widespread backing during its first and second round public consultation.

The Transport and Works Act Order could be submitted in 2013 subject to agreeing funding and financing, and the Tube link could open for business by 2018.

The scheme is supported by TfL, Wandsworth Council, Lambeth Council the Mayor of London and was backed by Chancellor George Osborn in his 2011 Autumn Statement as a key measure to drive up growth.

For more information contact the Wandsworth Council press team at press@wandsworth.gov.uk.

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Recent comments

While I am glad about the regeneration project based around Nine Elms after nearly 30 years of waiting, which will benefit the surrounding areas, I feel that Wandsworth Council has forgotten about other areas close by. My family have been associated with the Rollo estate unfortunately associated with the Doddington estate for the last 59 years and were actually the first on the Rollo. I know 30 plus extra flats are being built within the hidden homes project but the total mis management and neglect of both estates, im sure will continue indefinitely. Wandsworth Council seems to house all the unfortunates in the Borough here and wonder why there are many problems! Either make us feel worthy or just build a big wall around us. Please reply
ian Constable

17 February 2012