The first tenants are expected to move in to The Residence, a new development of two blocks of flats on the site of the renowned former auctioneer’s warehouse, within the coming weeks.
April 26, 2017
The development includes 76 homes which will be offered to Wandsworth residents at rents of between 38% and 60% of market rates, and 114 purpose-built for private rent – one of the first in London, expected to be finished later this year – with owners L&Q agreeing with the council to prioritise eligible Wandsworth residents.
The wider redevelopment of the 2.7 acre site is providing a total of 510 new flats which are a mix of one-, two-, and three-bedroom flats and maisonettes.
Brian Reilly, Director of Housing and Regeneration at Wandsworth Council, said: “Our focus is to maximise the housing offers available to Wandsworth residents. This is another example of how former industrial land at Nine Elms continues to provide new homes, businesses, arts, culture and community space to help bring this area to life.”
Located in the heart of Nine Elms on the South Bank, which includes the new US Embassy, Battersea Power Station and New Covent Garden Market, the development also includes thousands of square metres of floorspace for businesses and community use.
A new outdoor public space is being created on the site, including part of the new Nine Elms Linear Park which will run all the way from Vauxhall Cross to Battersea Power Station.