Nine Elms Parkside development next to Embassy Gardens and Riverlight (left).

Nine Elms Parkside development next to Embassy Gardens and Riverlight (left).

July 2019
CGI of Nine Elms Parkside.

CGI of Nine Elms Parkside.

June 2019 greystar-nineelms.com

Nine Elms Parkside

Address:
Nine Elms Lane, London SW8
Type:
Mixed use
Completion:
2024
Flats:
894
Viewed:
2866

Description of Nine Elms Parkside

Henderson Park and Greystar's build to rent development at Nine Elms Park, Battersea SW8.

Located at the former Royal Mail depot in the Battersea Nine Elms regeneration area, the project will consist of 641,000 sq ft of residential space across two buildings, providing a mix of studios, one, two and three-bedroom apartments for rent, as well as 25,000 sq ft of best-in-class tenant space and 25,000 sq ft of retail.

First homes are expected to be ready in 2022 with full completion expected in 2024.

Two buildings next to Embassy Gardens at plots B and D of Nine Elms Park will contain 894 homes for rent.

Amenities will include a swimming pool, gym, lounge, etc.

The phased development is expected to be completed in late 2024 and will provide extensive resident amenities all within walking distance of two stations on the extended Northern Line and close to the new US Embassy.

This is the Plots B and D at Nine Elms Park, formerly owned by Royal Mail Centre.

Neighbouring developments:
Riverlight (2017), The Residence and Embassy Gardens.

2019 June - Telford Homes signs design and build contract for £276.4 million with monthly payments to be made in accordance with work undertaken and a final payment on completion.

2019 June - Cain International, the privately held real estate investment firm operating in Europe and the United States, has agreed to provide a £385 million whole-loan facility to Henderson Park and Greystar Real Estate Partners, to support the acquisition of a site for the development of an 894-home build-to-rent (BTR) residential project in Nine Elms, London. The loan has a six-year term. John Cole, Managing Principal and Head of Real Estate Debt at Cain International, commented: “We are proud to provide this substantial whole-loan, enabling the delivery of nearly 900 new homes in one of central London’s most vibrant emerging locations. This deal demonstrates our partnership-driven approach, working with businesses that are addressing market demand, as well as our debt platform’s flexibility and firepower to provide outsized loans, amongst a range of financing solutions. Henderson Park and Greystar have built an impressive track record and portfolio in PRS in recent years, catering to a diverse demographic of renters across London, making them ideal partners for us in the build-to-rent market.”

Connected Companies

Developer:
Property Fund:
Architect:
Planning Consultant:
Landscape Architect:

Transport

The nearest tube, train and bus stations.
Pimlico Underground Station
Victoria
Riverlight Quay
156, 344, 436

News: (1)

Telford Homes Plc has entered into a full design and build contract with Henderson Park and Greystar to deliver 894 build to rent homes at Nine Elms Park.

The contract follows on from the pre-construction development agreement signed in June 2017. After securing a detailed planning consent, Henderson Park and Greystar have now completed the purchase of the land from Royal Mail Group Limited.

The phased development is expected to be completed in late 2024 and will provide extensive resident amenities all within walking distance of two stations on the extended Northern Line and close to the new US Embassy.

The contract sum is £276.4 million with monthly payments to be made in accordance with work undertaken and a final payment on completion.

Jon Di-Stefano, Chief Executive Officer of Telford Homes, commented: “We are delighted to be building this exciting scheme for Henderson Park and Greystar. We have been working on the detailed design for some time such that we can immediately start work on site. We continue to make progress against our objective to increase the Group’s output of build to rent homes in London, and this contract with Henderson Park and Greystar, with whom we have a strong relationship, highlights our position as a trusted partner at the forefront of this fast growing sector.”

20/06/2019 13:09 by Buildington

*DISCLAIMER! Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.

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