The Partnership involves both LB Wandsworth and LB Lambeth, and adds significantly to the opportunity on show at the event, which already covers the boroughs of Hammersmith & Fulham, Harrow, Hounslow, Hillindon, Brent, and Ealing, with plans for 16,000 homes and enough employment space to support 25,000 new permanent jobs.
Nine Elms on the South Bank is a 195 hectares opportunity area including Vauxhall town centre, Battersea Power Station, the site of the new US Embassy in London and the UK’s largest fresh produce market – New Covent Garden Market.
There will be a workshop in the Place West London programme focussed on Nine Elms, with public and private sector speakers talking about the developments, the opportunities, the vision, and the progress being made.
About Nine Elms on the South Bank
Nine Elms on the South Bank includes a large slice of industrial Battersea, Vauxhall and the Albert Embankment. At 195 hectares it is by far the biggest regeneration area in central London.
An enormous investment programme has begun to transform Nine Elms on the South Bank – around 2million sq m of new development has been granted planning across the district.
Up to 16,000 new homes will be built – 14,000 already have planning consent and the first 1,000 are now under construction
Up to 1,000 construction and engineering apprenticeships will be created across the regeneration programme.
The Northern Line Extension will provide two new Tube stops in the area. One would be located at Wandsworth Road and another at Battersea Power Station. Plans for this Government backed scheme are now being developed by TfL.
Property value is expected to rise faster in Nine Elms on the South Bank than in any other part of London according to property agency Knight Frank. The company has forecast growth of 140 per cent by 2016 as the regeneration programme continues.
A new stretch of Thames Path will run through the district and a new pedestrian and cycle bridge is planned to create another link to Westminster on the opposite bank of the river.
Work is now underway on major developments including St George’s Vauxhall Tower scheme and the St James Riverlight development.
Enabling works are also underway on the site of the new US Embassy which is expected to open in Nine Elms in 2017.
The area also includes Battersea Power Station which has planning permission for thousands of new homes and a new town centre development. This scheme is expected to get underway in 2013.