July 29, 2021
The structural completion of two twinned buildings containing 894 new rental properties on Wandsworth’s former Royal Mail depot site, has been celebrated with a topping out ceremony.
Plots B and D at Nine Elms Parkside have been purposefully designed for rent and will welcome new residents over an 18-month period from Spring 2022.
During the construction phase, 22 local residents have so far secured work on the project with Telford Homes via Wandsworth Council’s Work Match and Construction Gateway programme, and three graduates were taken on. Three local candidates have also started apprenticeships to continue their chosen careers.
The development features a mix of apartments ranging from studios up to three-bedroom properties with 161 allocated for Discounted Market Rent and London Living Rent. The affordable and private residents share the same building entrance and both will have full access to the amenity spaces.
Each of the 10 to 17 storey buildings features 12,500 sq ft of amenity space with a rooftop swimming pool, gym, pet spa, children’s play space, private dining rooms, cinema rooms and a sky lounge. There are two large outdoor terraces, yoga gardens and community herb gardens complete with beehives. The buildings will also include 25,000 sq ft of space for shops, restaurants and community use.
The new 4.5 hectare Nine Elms Park will run adjacent to the new buildings and open in phases as each development completes. The landscaped route connects additional public realm and existing green spaces with other public squares, shopping parades, hotels, parks and gardens. The masterplan for the area includes a new primary school, retail and leisure provision and additional public realm nearby.
Cllr Ravi Govindia, Leader of Wandsworth Council, Cllr Jonathan Cook, Cabinet Member for Housing, and Cllr Guy Humphries, Planning Committee Chairman, joined senior representatives of Henderson Park, Greystar, Telford Homes and Cain International to celebrate the topping out.
The UK’s largest single-phase build to rent development at Nine Elms Parkside is being delivered by Henderson Park, the European real estate investment platform, and Greystar Real Estate Partners (“Greystar”), a global leader in the investment, development and management of high-quality rental housing properties.
Councillor Jonathan Cook, Wandsworth Council’s Cabinet Member for Housing, said: “Providing bespoke homes for rent here in Nine Elms will increase the range of housing choices and we’re pleased that people who live or work in Wandsworth will get the first opportunity to move into the 161 homes available at discounted market rent. When complete, these buildings will also be surrounded by new stretches of the linear Nine Elms Park which is linking up in stages and will be open for everyone to enjoy.”
Gijs Molenaar, Managing Director, Henderson Park, said: “This is a significant step in the evolution of our Nine Elms Parkside development, and we look forward to completing the fit out of the apartments and welcoming our first residents next year. The project forms part of our wider strategy to develop high quality, purpose built, and professionally managed rental accommodation across London to meet growing demand. We would also like to take this opportunity to thank Wandsworth Council for their help in bringing this project to fruition as part of the broader Nine Elms regeneration.”
Bella Peacock, Managing Director of Asset Execution – Europe, Greystar, said: “Our vision for Nine Elms Parkside is coming to fruition and we look forward to unveiling the first apartments next year. We have enjoyed a highly successful partnership with Wandsworth Council thanks to their clear vision for the Nine Elms regeneration area and this building will deliver high quality and professionally managed rental housing to the neighbourhood addressing the structural undersupply that exists in London today. Nine Elms Parkside has been designed with community at its heart and we hope the new linear park will become a community hub, as we welcome new residents to the area.”
Henderson Park and Greystar acquired the site for £101 million in June 2019 and have since invested more than £500 million into the new community. Nine Elms Parkside, on Nine Elms Lane, will be a short walk from both the Nine Elms and Battersea Power Station Zone 1 Underground stations opening this autumn. The scheme required intricate planning as it is being delivered over a complex substructure bridging over the two new Northern Line Extension tunnels under construction.
All the commercial units are rated BREEAM Excellent and the buildings are connected to the Nine Elms district heat network to reduce the development’s environmental footprint as part of a commitment to reduce carbon emissions by 35%.