In the next three years, London will see major developments including homes and stations. Thousands of acres of land across central London will be transformed for residential purposes. The Network Rail and Transport for London launched the project which will create new neighbourhoods and regeneration areas across London. The developments would see 66,000 homes built a year with 15,000 built on the land which is controlled by the transport authorities.
Attractiveness of Central London
The chairman of the Network Rail invited wealthy partners & developers crucial to these developments on a bus tour around central London. They were brought around the tasty and most attractive sites in the hope of persuading them to invest.
In the last financial year, 22 sites were made available for 3,850 homes. Landowner TFL will release enough land in 2018/19 for up to 4,000 homes working towards the target of 15,000 homes by 2021.
These developments will cover the Vauxhall, Nine Elms, Battersea areas. The vision for new homes, jobs, cultural quarter and linear park will bring new life to an area on the edge of Central London.
Interested in buying or investing in property in Vauxhaull, Battersea or Nine Elms?
If you are interested in finding out more about the developments in these areas, talk to our expert agents in the Nine Elms Office.