Vauxhall Nine Elms Battersea Regenerating Wandsworth, Lambeth and London
A New Quarter in Central London
Vauxhall Battersea Power Station Nine Elms
The Opportunity Area
Description & Potential • • • • • • •
In the centre of London (zone 1-2, Central Activity Zone), on the South Bank of the Thames One mile from the Houses of Parliament Last massive scale development opportunity in central London – 195 hectares / 480 acres A unique riverside destination to live, work and visit 36 development sites in Wandsworth and 11 in Lambeth Plan for 16,000 homes and up to 25,000 jobs Values and returns should be high – 140% returns according to recent Knight Frank property report
An Opportunity for London • •
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Vauxhall Nine Elms Battersea identified as an Opportunity Area (OA) in the Draft London Plan, 2003 London Plan review in 2009 retained the OA, increased the targets, reduced the size of the ‘Strategic Industrial Location’ and included the area in the Central Activities Zone GLA consulted on draft OAPF in November 2009 Final OAPF to be published in early 2012 Lambeth and Wandsworth’s own Local Development Frameworks taking account of the significant changes planned for the district
The vision • • • • • • • • • •
A new town centre at Battersea Power Station Prestigious world class destination for business A new creative, cultural and leisure cluster A redeveloped Covent Garden Market with a new Market and food quarter at its heart High quality buildings ( 8 -10 storeys) going taller at key locations (up to 50 storeys) Linear park linking Vauxhall to the Power Station Vauxhall Cross: a new neighbourhood and transport hub Northern Line Extension – first privately-funded link in London – and improvements at Vauxhall Proposed cycle and pedestrian bridge linking in to an attractive and walkable neighbourhood Extended riverside walk and Thames Path
Northern Line Extension
The Route
The Route
Key developments • •
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Battersea Power Station and New Covent Garden Mkt American Embassy / US State Department. 5 acre site. The detailed planning application is expected later this year. Expected start on site 2013. Riverlight / St James Group includes 752 apartments, hotel, bars, restaurants, gym and concierge facilities. One Nine Elms 430 homes, 22,000sqm of retail, hotel and office space, up to 51 storeys Embassy Gardens / Ballymore. Includes 1,994 homes, 100-bed hotel, 50,000sqm of office and 12,000sqm retail. Marco Polo House / Marcus Cooper Group and Anastasia. It includes 460 residential units. Planning application submitted. Nine Elms Parkside / Royal Mail Group, on a 13 acre site. It includes 2,000 homes, shops, a primary school and postal services. Outline application submitted. Sainsbury’s Nine Elms / Sainsbury’s. 800 homes, extension of the existing supermarket with complementary shopping and commercial floor space. St George Wharf / Berkeley Group. 5th phase of the residential scheme to be completed shortly with 50 storey tower
New Covent Garden Market
The New Quarter
The governance structure • • • • •
Public and private sector have set up a Strategy Board Participants are the landowners, the GLA, TfL, LB Wandsworth and LB Lambeth Dedicated support and delivery team established 2011 The Strategy Board is in charge of the vision for the area and the Northern Line Extension, the key infrastructure project for the viability of the site Working groups: • Public realm •
Transport management
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Employment and business
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Utilities and wharves
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Housing and social infrastructure
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Community engagement
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Communications
The governance structure Strategy Board
Support and Delivery Team
Communications Sub-Group
Transport Incl. NLE
Utilities and Wharves
Community Engagement
Public Realm
Employment And Business
Housing and Social Infrastructure
The challenges •
Securing the funds for the infrastructure - £1bn worth of infrastructure costs
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New forms of funding (Tax Incremental Financing) and private sector led growth
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Building the NLE
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Creating the linear park and a green environment for all
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Creating a unique identity and brand
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Ensuring local people access local jobs
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Helping existing businesses through the transition
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Getting the phasing right and realising health and education facilities
Current Focus •
Progressing the Transport and Works Act Order for the NLE
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Promoting the huge benefits of the NLE
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Completing the Phasing and Implementation study
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Completing work on the energy requirements and the district heating network
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Rolling out the job brokerage programme
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Establishing the local procurement initiative
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Launching the brand
Any Questions?