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Nine Elms Square 3D visualisation at nineelmssquare.com; screen capture.

Nine Elms Square 3D visualisation at nineelmssquare.com; screen capture.

21.8.2017

Nine Elms Square

Address:
Nine Elms Lane, London SW8
Type:
Mixed use
Completion:
2025
Flats:
1900
Viewed:
1587

Description of Nine Elms Square

Nine Elms Square is a mixed-use development in Nine Elms, London

The scheme comprises 12 buildings including a trio of iconic towers, extending to 54 storeys.

Location
Freehold site on 4,2 hectares in Zone 1 moments from south bank of the River Thames.

Transport
The nearest underground station is Vauxhall.
The new Northern Line Extension with Nine Elms station will be ca 200m from the development.

History
2017 St. Modwen and VINCI complete the sale of the 1,900-home Nine Elms Square site for £470m in August. January: The development is for sale through JLL.
2015 Part detail, part outline planning permission secured in February 2015 for a Skidmore, Owings & Merrill (SOM) residential-led mixed use development.

Former home of the New Covent Garden flower market.

Connected Companies

News & Comments: (1)

Buildington
2017/08/21 13:47

St. Modwen Properties PLC today has announced that VINCI St. Modwen, its 50/50 joint venture with VINCI plc, has successfully completed on the £470 million sale of its interest in the 10-acre Nine Elms Square site, following an exchange of contracts announced on 21 June 2017.

The sale retains obligations to the Covent Garden Market Authority, holding £140m from the proceeds of the sale to fund the continued regeneration of the New Covent Garden Market and surrounding facilities.

St. Modwen Properties aims to use the proceeds from this deal to continue to pursue strategic opportunities across the UK.

Mark Allan, New Chief Executive for St. Modwen, commented on the sale in June: “The sale of Nine Elms Square is an important milestone, which will realise the capital required to fund the construction of over 500,000 sq ft of new market facilities. It also crystallises a significant element of the value we have been able to create on this complex, inner London development site.”

“Together with out joint venture partner, VINCI plc, we remain very much committed to the longer term regeneration of Nine Elms and are excited about the opportunities ahead.”

*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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