New investor for Ram Brewery scheme
Published: 7 January 2014
Chinese developer Greenland Group has purchased the Ram Brewery site in Wandsworth Town from Minerva.
The 7.75 acre site, which is currently derelict, comes with planning consent for 661 homes and 9,500 square metres of commercial space for new shops, cafes, bars and restaurants.
The scheme has a total investment value of circa £600 million and represents Greenland’s first acquisition in the UK.
Ravi Govindia, Leader of Wandsworth Council, said: “This is more good news for Wandsworth Town and another vote of confidence in the council’s ambitious regeneration plans. The Ram Brewery now has an owner with the experience and deep pockets needed to unlock its enormous potential.
“The site comes with a very well designed development plan which would rejuvenate this part of the town centre, open the historic brewing buildings to the public and create hundreds of new homes and jobs. It also delivers on the council’s top priority which is to redesign the Wandsworth Gyratory and remove through traffic from the high street.
“We look forward to working with Greenland Group to see this important project through to completion.”
Paul Goswell, Managing Director of Delancey, said:
“Since acquiring Minerva two years ago, we have worked hard to comprehensively redesign the original scheme which culminated in planning consent being secured last December. Our strategy had been to implement the scheme ourselves, possibly with a partner, but that changed when Greenland made their unsolicited proposal.
“We are delighted that our efforts to date, together with Greenland’s world class development expertise, will mean that this long awaited scheme finally happens for Wandsworth.”
Zhang Yuliang, Chairman and President of Greenland Group, said:
“London is the global financial centre as well as the most open and diversified city that enjoys the most mature economic development, making it the first option for our investment in Europe.”
Wandsworth Town is going through a dramatic change of identity which has already seen the creation of hundreds of new homes and major improvements to the town centre. Several major developments are currently underway including:
Southside Shopping Centre - the transformation of Southside has brought dozens of popular fashion chains to the town centre along with a 14-screen Cineworld, Waitrose and Virgin Active health club. Owner Metro Shopping Fund has recently announced a pre-let to Debenhams, which will be the town's first department store. This letting has kick-started a £40m redevelopment of part of the complex, which is due to complete in 2015.
The Filaments (Mount Anvil) - comprising two adjacent sites just off Wandsworth High Street - this scheme will feature a total of 416 homes as well as 7,276 square metres of commercial/retail space and 182 parking spaces. The scheme will also provide new public space, a private garden and waters features. It includes new pedestrian links between King George's Park and the high street. Now under construction.
Sainsbury's Garratt Lane - the project is creating a larger, a new Premier Inn Hotel for the town centre and new shop units for other retailers. There will also be a new café, learning centre and Shopmobility service for disabled customers. More than 200 new jobs will be created across the site.
Battersea Reach - this once derelict industrial estate to the east of Wandsworth Bridge has been transformed with hundreds of new homes, a new stretch of Thames riverside walk, public open spaces, bars, cafés, restaurants, shops as well as health and leisure facilities.
Wandsworth Riverside Quarter - this mixed-use development includes hundreds of homes, public spaces, a riverside walk and a range of commercial space including shops, cafes restaurants and offices. This site is located just to the west of Wandsworth Bridge where the River Wandle meets the Thames.