Regneration Project: Vauxhall Square, Nine Elms - London (GDV £500m)
Published 12 February 2015
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1. Facts about the development project
| GDV | Total Site Area | Development Type | Commencement Date | Completion Date |
|---|---|---|---|---|
| £500m | 14 Hectares (34.59 Acres) | Mixed Use | TBC | TBC |
| Planning Status | Project Status | Development Stage | Region | Location |
|---|---|---|---|---|
| Not Known | Seeking Investment | Planning Approved | London, England | London, Greater London |
2. Opportunity for investors
Vauxhall Square is a truly mixed-use scheme bringing homes, leisure, retail facilities and a new commercial hub to the heart of Vauxhall. Characteriszed by two 50 storey towers.
The site shall oinclude; 410 private residential units within 50 storey towers. 22,732 sq m of Grade A offices, 401 hotel rooms in two buildings (inc. a suite hotel), 359 student accommodation rooms, 110 affordable housing units and hostel, 3,119 sq m of restaurants, café and shops, Four screen cinema, and 3,200 sq m public square
3. Detail
The scheme benefits from its proximity to the existing transport interchange, local parks and the River Thames. Vauxhall Square is part of the Vauxhall Nine Elms regeneration area (London Borough of Lambeth) which includes the iconic Battersea Power Station and the new US Embassy. Nine Elms includes an Enterprise Zone. Property values for the whole area are predicted to grow by 140 percent between 2011 and 2016. A £1bn transport improvement package is in place including the Northern Line Extension.
Other projects also require investment or development partners.