Banda Property has planning consent to build residential and commercial units on two sites in Battersea, South West London. The UK firm will develop 40,000 sq ft of residences in 14 lateral apartments and over 8,150 sq ft of commercial space.
Over at 40 Parkgate Road, the former Battersea bakery is being converted into a 17,200 sq ft residential project comprising six two- to four-bedroom apartments. Set to be completed this summer, the development will also feature 3,600 sq ft of office and leisure space.
At Radstock Street, planning has been granted for eight two- to four-bedroom apartments ranging from 1,600 to 3,600 sq ft, with 4,550 sq ft designated for office use.
Parkgate Road is a major residential and commercial street linking Battersea and Albert Bridges to the west and east, and is within close proximity of the Thames and Battersea Park. Local and overseas buyers are showing keen interest for homes in the area, and Battersea is now regarded as a key location leveraging on the extensive regeneration of the Nine Elms area.
“To secure two schemes on the western side of Battersea Park is a fantastic opportunity. The area is benefiting from an influx of investment and interest from innovative commercial tenants and global brands. Ludicrous prices north of the river are encouraging discerning buyers to sell smaller apartments in Chelsea, and buy in Battersea, where they can acquire more space at more sensible prices,” said Edo Mapelli Mozzi (pictured), Managing Director of Banda Property.
“We are also receiving high levels of interest from international buyers, some who are residents of the larger new build schemes constructed within the last five to ten years. They like the area but are tiring of paying the high service charges and are drawn to the idea of living in a smaller more private development,” he added.
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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