EMERGING LONDON 2018

KEY STATISTICS C&W Evolutionary Status: FLOURISHING C&W Location Ranking: 43 TfL travel zone: 2 Local authority: Wandsworth (Battersea) Lambeth (Nine Elms) Distance from central London: 1 mile south Population: 324,000 (©GLA borough population projections 2018) BATTERSEA POWER STATION & NINE ELMS SW11 The iconic chimneys of the former Battersea Power Station building have been landmarks on the London skyline since 1935. The renaissance of the art deco structure, which ceased generating electricity in 1983, is now gathering pace. The leasing launch in spring 2018 of the core retail and leisure space, totalling close to one million sq ft within the former turbine halls (see Interview pages 44-47) and due to open in 2020, has well and truly reset the focus of the scheme towards the future. Funded by Malaysian backers, Battersea Power Station Development Company, which is overseeing the £9bn transformation programme, has already completed the first phase of 750 apartments. Along with supporting retail and leisure at Circus Village West, the company is also preparing 500,000 sq ft of offices for Apple’s 1,400 employee HQ, due for occupation in 2021. The Power Station is the western cornerstone of the much larger Vauxhall, Nine Elms & Battersea Opportunity Area, covering 560 acres and expected to generate at least 20,000 new homes and 25,000 jobs. Major infrastructure improvements are already underway, including the £1.2bn two-stop extension of the Northern Line, scheduled to open in 2020. Nine Elms has seen considerable residential development, with Ballymore and Ecoworld’s planned 2,000-apartment Embassy Gardens scheme attracting much attention for its world-first, conceptual ‘flying’ swimming pool, linking two towers at the tenth-storey level. The US Embassy formally opened its new building in Nine Elms in early 2018, bringing with it 1,000 members of staff to the area. Spotlight on 43 42 CUSHMAN & WAKEFIELD  | EMERGING LONDON SPOTLIGHT ON BATTERSEA POWER STATION & NINE ELMS