New Property Plans in Nine Elms creates Development Opportunities

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Exciting times in Battersea & Nine Elms with 18,000 new homes to be built on London’s Southbank along with 25,000 new jobs being created once the project is completed in 2022. The Nine Elms area has already been compared to The Manhattan & Hong Kong of London, with the transformation of the South Bank skyline due to change dramatically over the next 7 years.


The confirmation of the American & Dutch Embassies relocating to Nine Elms gave the area a much needed injection of interest by developers with Battersea Power Station itself being responsible for providing 4000 homes along with a great number of commercial units too. With all these new homes being built it will provide investors the perfect opportunity to purchase property to let in Nine Elms and surrounding areas.


With completions having already taken place on developments such as Riverlight by Berkeley Homes and completions due to start on the first phase of Embassy Gardens the area should soon start to show the initial signs of life.


Previous developments in the area such as St Georges Wharf which incorporates the exclusive St Georges Tower are good examples of how the area has grown. When the development was first launched prices were around the £1000-£1300 per square foot mark, now we see properties on the market from £2000 a square foot all the way up to £2800, a change which has occurred over the last 5 years or so. This illustrates what a sound investment property in the area can be.


Nine Elms really is an sensational prospect for investors both here in the UK & overseas, we have seen a number of clients through our regional offices in Hong Kong & Abu Dhabi purchase within the area and have already seen excellent capital gains since exchanging contracts. With such good returns it is easy to see why investors are purchasing property to let in Nine Elms.

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