EXCLUSIVE: Chinese Giant Pivots To Increase Office Space Across 4.4M SF Nine Elms Developments
Nov 7, 2021
One of China’s biggest developers is significantly upping the amount of office space it is building across three enormous developments in Vauxhall and Nine Elms to capture changing demand for property in the area.
R&F now plans to build 650K SF of offices as part of the 4.4M SF it is developing on the southern bank of the Thames. That amounts to 30% more than when the schemes were originally conceived.
Cushman & Wakefield is advising R&F on its office strategy. Discussions with tenants and even potential buyers of the office buildings have already begun.
While many Chinese real estate firms are pulling back from overseas projects amidst the liquidity concerns that have emerged in mainland China following Evergrande’s woes, R&F is pushing on with its London schemes.
London’s newest property hotspot has been revealed — and it’s on the NLE tube line
Nov 9, 2021
The opening of the Northern Line Extension (NLE), with new stations at Battersea Power Station and Nine Elms linking to the existing network at Kennington, has cemented the position of this rapidly changing area on London’s property (as well as its Tube) map.
Unlike the Elizabeth Line and despite the challenges thrown up by the pandemic, it started running on time and is a major milestone in the transformation of Battersea, Nine Elms and Vauxhall into a brand-new residential and business district bigger than Hyde Park.
Twenty thousand homes, plus offices, shops, restaurants, galleries, further cultural attractions and a linear park are being delivered in London’s largest regeneration project, on a previously neglected stretch of south bank of the Thames extending from Lambeth Bridge to Chelsea Bridge.
Now that it’s fully connected to the rest of the capital, the West End and City can be reached in less than 15 minutes by Tube.
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