New Wave of Progress for Embassy Gardens in Nine Elms
A new wave of progress is set to hit South West London’s Nine Elms with the presence of the US embassy and redevelopment apartments planned in Embassy Gardens – London’s highly anticipated Zone 1 riverside development launching later this year.
Embassy Gardens, located in the Vauxhall, Nine Elms and Battersea Opportunity Area (VNEB) is a key site in the major regeneration plans which will turn 200 acres of industrial and warehouse land into 2,000 luxury residential apartments.
Nine Elms is not the only location for such apartments, as the scheme, developed by Irish Investor Ballymore, has already been a success in Malaysia, Hong Kong and Singapore. The scheme hopes to bring about a new wave of progress in regard to London house prices which saw a 6.1% increase during the Euro crisis.
Money has been pumped into London by European and Arab investors since the crisis, along with much of the UK tax payers’ money and UK investors such as Permodalan Nasional Bhd (PNB) who have bought two Central London office buildings for RM2.6 billion.
Furthermore, Malaysian developer, SP Setia Bhd, has made a bid of £324 million for the Battersea Power Station regeneration site next to Embassy Gardens. It’s reported that Embassy Gardens will be targeting US embassy staff and buyers as it’s occupants. Once completed, Embassy Gardens are set to be accessible from the extension plans on the Northern Line Tube.
Now is a great time to rent office space in Nine Elms, as amenities and transport facilities are set to be enhanced. For more information about renting office space in the VNEB area, talk to Search Office Space today on 0800 524 4649 to discuss your requirements.