LANDMARK DEVELOPMENT OPPORTUNITY

Transcription

1 LANMARK EVELOPMENT OPPORTUNITY

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3 THE OPPORTUNITY 02 OVERVIE 04 LOCATION 06 TRANSPORT 08 PLANNING 10 ARCHITECT'S FOREOR 12 ACCOMMOATION 16 FLOOR PLANS 18 TITLE 22 LONON GLOBAL MARKET 24 RESIENTIAL BENCHMARKS 26 NINE ELMS REGENERATION 30 VAUXHALL TON CENTRE 32 NINE ELMS PLACE CREATION 34 FURTHER INFORMATION 42 CONTACT 44 LANMARK EVELOPMENT OPPORTUNITY

4 02//03 The Opportunity PLANNING PERMISSION FOR A HIGH RISE, RESIENTIAL-LE EVELOPMENT IN CENTRAL LONON AN ICONIC ESIGN INCLUING A RESIENTIAL TOER EXTENING TO THE 36TH FLOOR SITUATE ITHIN THE VAUXHALL, NINE ELMS & BATTERSEA REGENERATION AREA, CLOSE TO THE KEY TRANSPORT HUB OF VAUXHALL A PROPOSE SCHEME COMPRISING 219 RESIENTIAL APARTMENTS, TO INCLUE 175 IN PRIVATE TENURE A FREEHOL SITE EXTENING TO APPROXIMATELY 0.35 HECTARES (0.86 ACRES) A RANGE OF COMMERCIAL AN RETAIL EMPLOYMENT OFFERINGS AN 43 PARKING SPACES FOR THE RESIENTIAL UNITS TOTAL GIA OF 305,167 SQ FT (28,351 SQM)

5 04//05 Overview Grand South benefits from planning permission for a 39 storey tower with 219 residential units Grand South is located in Vauxhall; a region now synonymous with the Vauxhall Nine Elms Battersea (VNEB) opportunity area. Internationally recognised as the most significant and exciting regeneration area in Central London. A total of approximately 18,000 new homes, 25,000 new jobs, new schools, parks and culture hubs are planned for the future of the area, making it the largest private led regeneration initiative in the UK, which will redefine the geography of Central London through the creation of a whole new district. Vauxhall is the focus of a major public transport interchange, and for this reason Grand South is exceptionally well served with Vauxhall Underground (Victoria Line), rail and bus station just a short walk away. The area is designated as having a Public Transport Accessibility Level 6. The Grand South site benefits from planning permission for 219 residential units, (including 44 affordable) commercial, retail, office space, underground parking, as well as a podium and winter gardens. Overall the scheme provides a total gross internal area of 305,167 sq ft (28,351 sq m). Part of the site (12-20 yvil Road) was last occupied as an office and storage but further to a surrender agreement can be sold with vacant possession. To the rear of the site, accessed from andsworth Road, is the Renaissance Rooms which currently stages Roller isco events. The lease expires on This part of the site will also be sold with vacant possession, save for the electricity substation (which itself will be subject to a lift and shift agreement). Grand South is located on the extremity of the Vauxhall Tower Cluster and will therefore benefit from uninterrupted views south across London.

6 aterloo Bridge MAYFAIR Piccadilly Charing Cross 06//07 Location Grand South is set within the heart of Nine Elms on London s Southbank. The property is in the London Borough of Lambeth close to its boundary with andsworth and estminster. It is situated on the northern side of yvil Road between Keybridge House to the east and Vauxhall Sky Gardens to the west. NATURAL HIORY MUSEUM Cromwell Road Kensington Road VICTORIA & ALBERT MUSEUM South Kensington HYE PARK Knightsbridge Brompton Road HARROS BROMPTON A3216 Knightsbridge Sloane Street Hyde Park Corner Green Park GREEN PARK BUCKINGHAM PALACE Victoria Station Pall Mall. JAMES S PARK St. James s Park EMINER hitehall estminster Embankment HOUSES OF PARLIAMENT VICTORIA TOER GARENS LONON EYE LONON AQUARIUM ROYAL FEIVAL HALL York Road LAMBETH aterloo East Station aterloo Rd aterloo Station Lambeth North Sloane Square A202 TATE BRITAIN A308 A3217 Chelsea Bridge Road Pimlico King s Road PIMLICO Vauxhall SPRING GARENS CHELSEA Chelsea Bridge Queenstown Road Vauxhall Bridge Chelsea Embankment Battersea Bridge Albert Bridge BATTERSEA PARK BATTERSEA POER ATION A3205 NINE ELMS Nine Elms Lane VAUXHALL PARK THE OVAL Oval KENNINGTON PARK RIVERSIE LIVING Battersea Park Rail A3036 A3 BATTERSEA PARK Imperial harf Rail B305 BATTERSEA Queenstown Road Rail LARKHALL PARK Stockwell B224 andsworth Road Rail A203 OCKELL REGENERATION TRANSPORT HUB EMINER SOUTHBANK A3205 Clapham Junction Rail CLAPHAM A3 Clapham Common Clapham High Street Rail BRIXTON

7 08//09 Transport To King s Cross St Pancras International Bond Street Tottenham Court Road Farringdon RAIL BUS Green Park Piccadilly Circus Oxford Circus Holborn Leicester Square Charing Cross Embankment Chancery Lane St. Paulʼs Bank Monument Vauxhall Station is one stop (circa four minutes) from aterloo Station and is on the South est Trains mainline to the south and west of the country. Clapham Junction is also four minutes journey time providing access to Southern Trains network. UNERGROUN The Victoria Line connects Vauxhall directly with the est End as well as other transport hubs at Victoria, Euston and King s Cross St Pancras. The Vauxhall Bus Station is a terminus for routes heading in all directions including Paddington, Camden, The City, Lewisham, Clapham, and Tooting. RIVER BUS The River Bus services run from St Georges harf pier providing a fast and frequent service from early morning until evening between Hampton Court and oolwich Arsenal. Victoria aterloo London Bridge NLE The Northern Line Extension, due to be operational by 2020, will include a new Nine Elms Station located approximately 300 metres to the south west of Grand South. ROA To Gatwick River Thames St George harf Vauxhall Battersea Nine Elms Clapham Junction Vauxhall bus station Elephant & Castle Kennington Oval Stockwell The site is located outside the boundary of the Congestion Charging zone, just south of Vauxhall Bridge, one of the principal crossings over the River Thames in Central London. A series of major arterial roads radiate out from Vauxhall Bridge. Brixton

8 10//11 Planning Grand South benefits from planning permission and a signed Section 106 Agreement for 219 residential units and additional commercial uses. Grand South lies within the jurisdiction of the London Borough of Lambeth. The planning application (reference number: 14/03701/FUL) was unanimously recommended for approval at Lambeth s planning committee on 11 November 2014 with the decision notice issued on 5 March The application was for the following uses: 219 residential units including: 175 private units 16 affordable rented units 28 discount market sale / intermediate units Four ground floor commercial units (Use Classes A1/A2 and A3) up to 1,270 sq m Two floors of office accommodation (Use Class B1a) up to 1,267 sq m 43 basement car parking spaces 387 cycle parking spaces Block B extends to 127.1m. There is potential scope (subject to obtaining the necessary consents) to extend towards 150 metres whilst adhering to the 2012 Lambeth Tall Building Study. A signed Section 106 Agreement provides for defined financial contributions totalling 318,125 in addition to Lambeth and Mayoral CIL payments. The total financial package is summarised in the accompanying table: OCUMENT PROVISION CO SECTION 106 AGREEMENT LAMBETH COUNCIL CIL Travel plan 1,000 Local labour in construction Section 106 monitoring Cycle hire contribution 211,500 10,625 95,000 Sub-total 318,125 4,852,072* Aside from financial contributions, the Section 106 Agreement includes the clauses summarised in the accompanying table: SCHEULE 3 5 & PROVISION Ensures that the residents of the scheme will be unable to apply for parking permits Outlines the provision of 16 affordable rented units and 28 intermediate units (MS) Outlines the review mechanism relating to the Affordable Housing provision Requires the submission of a Travel Plan prior to occupation Requires that two years membership to a car club is provided to a resident from each unit, on first occupation of that unit Requires an Employment Skills Plan for the proposals Requires connection to any future district heating network if technically and financially viable and practical and feasible for both parties Requires an estate management plan to be submitted to and approved by the Council in writing A number of Grand South s neighbouring properties benefit from notable planning permissions Keybridge House is located immediately to the east and benefits from planning permission (13/03935/OUT) for five blocks (4, 9, 9, 22 and 36 storeys) including 415 residential units, 2,652 sq m of office floorspace, 802 sq m of retail floorspace and a two form entry primary school (8,600 sq m). Vauxhall Sky Gardens is located immediately to the west and benefits from planning permission (09/04322/FUL) for two blocks (8 and 36 storeys) including 239 residential units, 4,722 sq m of office floorspace, 257 sq m of retail floorspace Network Rail has obtained planning permission (14/05538/FUL) for the creation of a pedestrian link under the railway viaduct between Grand South through Arch 10 to the north. MAYORAL CIL 701,221* TOTAL PACKAGE 5,871, Requires the owners to enter into a Section 278 Agreement with the Council Requires registration with various local considerate constructors schemes * Estimates from the London Borough of Lambeth 16 Requires two additional cycle parking spaces to be provided on site

9 12//13 Architect's Foreword I was aware of the yvil Road site some years before being approached by the current owners to take part in an ideas competition for the development of the site in early September It had only been a few months earlier that my team and I had achieved planning consent for Sleaford Crest at the tip of the Battersea end of the Vauxhall Nine Elms Battersea Opportunity Area, we were therefore familiar with the potential offered by one of the largest areas of regeneration in London. hen first considering the possibilities for a site I will visit the site a number of times to understand the existing context, the sense of place and how the inhabitants occupy and use the area. Although this learning process was followed, yvil Road and its relationship to the wider area was different. The locality is undergoing such vast change that much of the context seen at the time of these early visits was to be replaced by new buildings, spaces and changes of land use, the only exception being the housing to the south. In mid-october 2013 I took the call to say we had won the project. The office was very excited to be designing a building in what will undoubtedly become a key part of London. ork was to start immediately. The office began developing the ideas that led to this commission. Our concept was to open up the site at pedestrian level to create a route that would pass under the railway. This would provide a north-south link introducing permeability to the wider VNEB Masterplan. A variety of building heights address the scale of yvil Road, rising up to a tower at the railway which hugs the viaduct and takes its place in the tall building cluster. An early debate in my office centred on what it would be like to live in a very tall tower. ould there be any sense of community? as it possible to have shared space? hat would it be like to approach the building as a resident? Could you identify your flat from afar? e included a variety of shared amenity spaces to encourage community and provide a visually distinctive building in the skyline. The sky court was developed as a triple height shared garden, an elevated oasis commanding views from the corners of the building over London. These sky courts provide significantly more amenity space than could otherwise be provided in a building that will provide over two hundred homes. The design exceeds the London Mayors standards for amenity space, makes efficient use of the site for housing, offices and shops and provides new public realm. My practice was also commissioned to design a separate refurbishment scheme for yvil railway arches. This scheme extends the public realm and provides new retail and employment uses to take full advantage of the benefits of the emerging Grand South scheme. In summary, I believe that my practice has designed a coherent addition to the existing and emerging character of Vauxhall, working with the opportunities presented by the site to create a desirable, sustainable, mixed-use development. Peter Smith RIBA A COHERENT AITION TO THE EXIING AN EMERGING CHARACTER OF VAUXHALL, ORKING ITH THE OPPORTUNITIES PRESENTE BY THE SITE TO CREATE A ESIRABLE, SUAINABLE, MIXE-USE EVELOPMENT.

10 Views of Grand South

11 16//17 Accommodation BLOCK B BLOCK B 2-bed / 4 person uplex Residential Stair Core LEVEL 36 2-bed / 4 person uplex LEVEL 35 2-bed / 4 person uplex LEVEL 34 2-bed / 4 person uplex LEVEL 33 LEVEL 29 LEVEL 28 LEVEL 27 LEVEL 26 LEVEL 25 LEVEL 24 LEVEL 22 LEVEL 21 LEVEL 20 LEVEL 19 LEVEL 18 LEVEL 17 LEVEL 16 LEVEL 15 LEVEL 14 LEVEL 13 LEVEL 12 LEVEL 11 LEVEL 10 LEVEL 08 LEVEL 07 LEVEL 06 LEVEL 05 LEVEL 05 LEVEL 04 LEVEL 04 LEVEL 03 LEVEL 32 LEVEL 31 LEVEL 30 LEVEL 23 BLOCK A LEVEL 09 LEVEL 02 LEVEL 01 GROUN FLOOR Commercial Commercial Commercial Commercial LEVEL 32 AHUs BASEMENT LOER BASEMENT Bulky aste Store SECTION 1 SECTION 2 KEY PRIVATE RESIENTIAL RETAIL COMMERCIAL ISCOUNTE MARKET SALE PARKING / CYCLES AFFORABLE RENT SQ M SQ FT FLOOR AREAS NSA/NIA (with winter garden) SQ M SQ FT GIA SQ M SQ FT Private sale , ,127 14, ,412 16, ,748 iscounted market sale 28 1,860 20,021 2,248 24,197 2,448 26,350 Affordable rent 16 1,529 16,458 1,529 16,458 2,106 22,669 Residential , ,606 18, ,068 21, ,767 Retail 4 1,032 11,108 1,032 11,108 1,268 13,649 Office , ,989 1,269 13,659 Parking/Cycles ,004 32,335 Plant ,371 14,757 TOTAL 17, ,703 20, ,165 28, ,167 LEVEL 28 LEVEL 27 LEVEL 26 LEVEL 25 LEVEL 24 LEVEL 23 LEVEL 22 LEVEL 21 LEVEL 20 LEVEL 19 LEVEL 18 LEVEL 17 LEVEL 16 LEVEL 15 LEVEL 14 LEVEL 13 LEVEL 12 LEVEL 11 Analysis of Private Residential Accommodation: TYPE BES PERSONS UNITS UNIT MIX MIN MEAN MAX TOTAL AREA MIX Flat % ,184 24% Flat % ,123 58% Flat % ,442 12,874 10% uplex % 1,464 1,464 1,464 2,928 2% uplex % 1,722 1,755 1,787 7,018 5% % , , % LEVEL 10 LEVEL 09 LEVEL 08 LEVEL 07 LEVEL 06 LEVEL 03 LEVEL 02 LEVEL 01 Cycle Store Cycle Store Cycle Store Cycle Store Cycle Store Cycle Store GROUN FLOOR BASEMENT Rainwater Treatment UNITS NSA/NIA LEVEL 29 Store Refuse Store TENURE LEVEL 30 Retail LV Switchgear USE LEVEL 31 Retail Substation Schedule of Accommodation: LOER BASEMENT TOTAL

12 Home office C Home office CH PLATFORM LIFT CH PLATFORM LIFT CH PLATFORM LIFT CH PLATFORM LIFT Home office C Copyright Stephen avy Peter Smith Architects 2014 These proposals are subject to the approval of all Statutory Building Control Requirements and the requirements of all Statutory Authorities and Service Providers. The site boundaries and surroundings are based on a survey carried out by Maltby Surveys. The site boundaries are those described by the client. These drawings are to be read in conjunction with all other relevant documentation produced by Stephen avy Peter Smith Architects and other consultants employed by the client. 18//19 Floor Plans Ground Floor Specific Notes The site context shown within this drawing includes cumulative developments. Information for which was obtained through Lambeth Council Planning Portal. For detailed landscape information, please refer to the Landscape & Public Realm Report Proposed Block A Flat Layouts BEROOM 2 12 SQM BEROOM 1 12 SQM BEROOM 1 12 SQM BEROOM SQM BEROOM SQM BEROOM 1 12 SQM LIVING ROOM 17 SQM 3B/5P 95 sqm C 3B/5P 89 sqm 4B/6P 143 sqm CH UPLEX BALCONY 16 SQM BEROOM 3 8 SQM BEROOM 2 10 SQM LIFT RUN OVER LIFT RUN OVER GREEN ROOF BELO K/ L/ 28.8 SQM Home office C Legend BEROOM 3 9 SQM BEROOM SQM 2B/3P 67 sqm BEROOM 2 8 SQM Home office K/L/ 25 SQM K/ 11 SQM LIVING ROOM 17 SQM BEROOM 3 16 SQM BEROOM 2 10 SQM 4B/6P 160 sqm CH UPLEX Roof Light Above BEROOM 1 16 SQM BALCONY 9 SQM B BALCONY 9.5 SQM BALCONY 8 SQM C ONSORTH ROA SKY GARENS 2N TO 5TH FLOOR PLANS BEROOM 2 15 SQM C Home office Key 3B/5P 111 sqm BEROOM 3 11 SQM CH UNIT N A FOR MARKETING BEROOM 3 11 SQM Home office 3B/5P 111 sqm CH UNIT M BEROOM 2 15 SQM 7TH FLOOR PLAN KITCHEN / INING 18 SQM Home office 4B/6P 143 sqm CH UPLEX BEROOM 4 11 SQM CLEANER'S C GREEN ROOF KITCHEN 8.5 SQM C 4B/6P 160 sqm CH UPLEX 22 YVIL ROA 22 YVIL ROA BEROOM SQM LIVING / INING 21 SQM Rev Comment By ate stephen davy architects peter smith KITCHEN / INING 16 SQM BALCONY 10 SQM LIVING ROOM 17 SQM BEROOM 4 10 SQM KEY YVIL ROA PRIVATE RESIENTIAL COMMERCIAL AFFORABLE RENT RETAIL PLANT/ANCILLARY KEY 1 FLOOR PLAN Fanshaw House, Fanshaw Street, London N1 6HX Tel: Fax: sdpsa@davysmitharchitects.co.uk ebsite: Client yvil Road Limited & Network Rail Project yvil Road 12 to 20 yvil Road S8 2TG London rawing Title Proposed Ground Floor Plan / Site Plan AFFORABLE RENT 6TH FLOOR PLAN Job No. rawn By Scale 1347 M A1 ate Checked By A3 JUL 2014 HSR

13 20//21 Floor Plans Proposed Floor Type B2 Proposed 35th Floor Proposed 36th Floor INTER GAREN 17 SQM INTER GAREN 14 SQM FUTURE LIFT 1500 X 1000 LIVING ROOM 17 SQM K/L/ 28.5 SQM K/L/ 28.5 SQM BEROOM 14.6 SQM BEROOM 13 SQM BEROOM 13 SQM BEROOM 14.6 SQM INTER GAREN 5 SQM VOI INTER GAREN 14 SQM KITCHEN/ INING 25 SQM BEROOM 12.7 SQM 1.6 SQM 2B/3P 2B/3P BEROOM 9.0 SQM 2B/4P 78 sqm 73 sqm 4B/6P BEROOM 9.0 SQM 2.7 SQM BEROOM 18 SQM 166 sqm UPLEX 2.3 SQM BEROOM 13.9 SQM 1.7 SQM 1.7 SQM 1.7 SQM 1B/2P INTER GAREN 15 SQM BEROOM 15.1 SQM BEROOM 15.1 SQM INTER GAREN 8 SQM 1B/2P 53 sqm 62 sqm 1.7 SQM BEROOM 15.1 SQM 1.7 SQM KITCHEN / INING 23 SQM 62 sqm UTILITY ROOM 128 sqm UPLEX LIVING ROOM 20 SQM 2B/4P K/L/ 27.2 SQM K/L/ 27.2 SQM 128 sqm UPLEX 2.6 SQM 2B/3P 67 sqm 2B/3P 2.6 SQM 2B/3P 65 sqm 67 sqm BEROOM 13.6 SQM BEROOM 11.0 SQM K/L/ 28.2 SQM 2B/3P 65 sqm INTER GAREN 20 SQM Floors 7th to 8th, 12th, 16th, & 20th KEY BEROOM 11.0 SQM K/L/ 28.2 SQM INTER GAREN 14 SQM LIVING ROOM 25 SQM 151 sqm UPLEX KITCHEN/ INING 28 SQM BEROOM 14 SQM 151 sqm UPLEX FUTURE LIFT 1500 X 1000 K/L/ 26.8 SQM INTER GAREN 20 SQM 4B/6P BEROOM 11.0 SQM K/L/ 26.8 SQM BEROOM 18 SQM BEROOM 13 SQM UTILITY ROOM 4B/6P BEROOM 11.0 SQM 2.8 SQM BEROOM 13.6 SQM BEROOM 13.6 SQM 2.8 SQM INTER GAREN 8 SQM VOI BEROOM 13.6 SQM 2B/4P K/L/ 27.2 SQM BEROOM 19 SQM INTER GAREN 8 SQM 1B/2P 53 sqm INTER GAREN 8 SQM K/L/ 27.2 SQM FUTURE LIFT 1500 X B/2P INTER GAREN 15 SQM INTER GAREN 6.6 SQM BEROOM 11 SQM FUTURE LIFT 1500 X 1000 BEROOM 19 SQM FUTURE LIFT 1500 X 1000 BEROOM 15.1 SQM INTER GAREN 6.6 SQM KITCHEN/ INING 30 SQM INTER GAREN 6.5 SQM K/L/ 28.2 SQM BEROOM 11 SQM INTER GAREN 6.5 SQM K/L/ 28.2 SQM 166 sqm UPLEX BEROOM 16 SQM 4B/6P FUTURE LIFT 1500 X 1000 LIVING ROOM 21 SQM 1.6 SQM 73 sqm 2.7 SQM C BEROOM 13.7 SQM INTER GAREN 14 SQM INTER GAREN 14 SQM Floors 21st to 23rd, 27th & 31st to 32nd KEY 2 BE PRIVATE RESIENTIAL 4 BE PRIVATE RESIENTIAL 1 BE PRIVATE RESIENTIAL 3 BE PRIVATE RESIENTIAL 2 BE PRIVATE RESIENTIAL BEROOM 13 SQM VOI 1.1 SQM UTILITY ROOM 2B/3P 78 sqm CH BEROOM 11 SQM BEROOM 13.7 SQM 136 sqm UPLEX C BEROOM 10.1 SQM 2.0 SQM 2.0 SQM K/L/ 29.8 SQM BEROOM 11 SQM INTER GAREN 19.5 SQM BEROOM 10.1 SQM home office K/L/ 29 SQM 3B/5P INTER GAREN 19.5 SQM 3B/5P 136 sqm UPLEX 2B/3P 67 sqm 1.7 SQM 2B/3P 67 sqm FUTURE LIFT 1500 X 1000 Proposed Floor Type B1 BEROOM 10 SQM FUTURE LIFT 1500 X 1000 INTER GAREN 6.7 SQM INTER GAREN 8 SQM

14 6 1 to 16 TRENCHOL REET 22//23 Title The Property comprises two registered titles with two registered proprietors: TITLE NUMBER ESCRIPTION PROPRIETOR TGL TGL6655 Land lying to the east of andsworth Road, London yvil Road, London, S8 2TG Network Rail Infrastructure Limited yvil Road Limited Indicative title plan TGL409591: Network Rail 2.8m 1 2 Court In respect of title number TGL409591, it is intended that the property be sold vacant save for a transformer chamber located on site although discussions have commenced with the statutory provider for relocation of the transformer chamber to accord with that within the proposed planning scheme. Keybri FB 2.7m El Sub Sta TGL TGL6655 epot There exists an occupational lease dated 17 ecember 2014 to orld Video istribution Limited, which expires on 14 April to to PH 8 YVIL ROA TGL6655: yvil Road Limited It is intended that title number TGL6655 be sold with vacant possession. TCB Further to the surrender agreement the two registered leases to Cavendish orks expiring in 2035 will be removed prior to completion. 1 9 Frank House Gilbert House Quinton 3 11 House 1 to Playground

15 24//25 London Global Market London is a truly international City at the heart of the global economy. As the capital of the United Kingdom and the European Union s largest city, London is a leading global centre for commerce, finance, arts, education, technology, media, research and tourism. London is regarded as having some of the most desirable residential addresses in the world. London s One Hyde Park houses the most expensive apartment in the world. The wider UK property market is bolstered by a combination of stable government, secure legal framework, long leases and efficient regulation, which have created one of the most liquid, transparent and sophisticated markets worldwide. The security that the market offers in global terms has resulted in prime Central London property recently attracting unprecedented levels of interest from all around the globe. London is, therefore, unsurprisingly widely regarded as the gold bullion of international property markets. London has established itself as the world s largest and most influential financial centre, being home to over 250 foreign banks, more than any other city, as well as being the largest centre for foreign exchange trading and cross-border bank lending. It is also home to the headquarters of more than 100 of Europe s 500 largest companies. London boasts a world-class education system and is home to 43 universities, the largest concentration of higher education institutions in Europe. There are some 300 languages spoken in London, more than any other city in the world, reflecting London s position as the global capital of the world. The city is richly steeped in history and culture, dating back to its foundation over 2,000 years ago in Roman times. London is home to four UNESCO world heritage sites and over 150 ancient monuments. London is home to some 300 theatres, 500 cinemas, 12,000 restaurants and 170 museums. There are more than 17,000 music performances and 250 festivals that take place in London every year. This unrivalled cultural offering, in addition to the prestigious retail provision in the est End, ensures that London retains its position as the world s most popular destination for international travellers, with an estimated 16 million in The unique advantage of London s central time zone in a global context allows it to do business with Shanghai, Tokyo and Beijing, as well as New York and Los Angeles, all in the same working day.

16 BENCHMARK EVELOPMENTS 26//27 Residential Benchmarks The anticipated long term growth and improvements in Vauxhall and its property market have led to high levels of pre-sales on new developments to overseas and domestic markets. As illustrated on the value gradient map; the higher value areas of VNEB are centred on Vauxhall station and fronting Battersea Park with lower values radiating out from these points. The Tower eveloper: St George Private units: 216 Av. sales values: 1,680+ per sq ft Max. height: 181 metres Status: Completed The Corniche eveloper: St James Group Private Units: 168 Av. Sales values: 1,650+ per sq ft Max. height: 90 metres Status: Under construction Merano Residences eveloper: St James Private units: 34 Av. Sales values: 1,500+ per sq ft Max. height: 85 metres Status: Under construction Pimlico A3202 Vauxhall Bridge RIVER THAMES BATTERSEA PARK RANELAGH GARENS Battersea Power Station A3212 A3205 Grosvenor Road RIVER THAMES Nine Elms Lane NINE ELMS andsworth Road South Lambeth Road Vauxhall VAUXHALL PARK A3204 A3202 VAUXHALL THE KIA OVALL Riverlight eveloper: St James Group Private units: 699 Av. sales values: 1,450+ per sq ft Max. height: 62 metres Status: Under construction Battersea Power Station eveloper: Sime arby/ SP Setia Private units: 2,944 Av. Sales values (Phase 3): 1,550+ per sq ft Max. height: 60 metres Status: Under construction One Nine Elms eveloper: anda One (UK) Ltd Private units: 429 Av. sales values: 1,450+ per sq ft Max. height: 200 metres Status: Under construction LAN SALES A3 NE COVENT GAREN MARKET Battersea Park KEY AVERAGE PSF Vauxhall Sky Gardens eveloper: Frasers Property Private units: 178 Av. Sales values: 1,350+ per sq ft Max. height: 130 metres Status: Under construction Nine Elms Point eveloper: L&Q/Barratt London Private units: 645 Av sales values: 1,000+ per sq ft Max. height: 126 metres Status: Under construction Keybridge House ate: November 2014 Price: 92.5m Price/private residential unit: 233,585 Price/total GIA: 135 per sq ft Price/private NSA: 305 per sq ft

17 N 28//29 Penthouse View INICATIVE VIE FROM THE 36TH FLOOR

18 9 Vauhaull Bridge 12 30//31 Grosvenor Road 7 Vauxhall Nine Elms Regeneration Queenstown Road Nine Elms Lane andsworth Road South Lambeth Road MUNICIPAL 1. US Embassy 2. utch Embassy 3. Proposed Nine Elms Station 4. Proposed Battersea Station 5. Linear Park Battersea Park 21 Battersea 4 Battersea Park Road Nine Elms 5 COMPLETE SCHEMES 6. St George s harf 7. The Tower 8. Chelsea Bridge harf CURRENT SCHEMES 9. The Corniche, 20 Albert Embankment 10. Embassy Gardens 11. Riverlight PIPELINE SCHEMES 16. Vauxhall Cross 17. Vauxhall Square 18. New Covent Garden Market 19. Keybridge House 20. Nine Elms Parkside 21. Nine Elms Vista 22. New Bondway 23. Grand South 12. Battersea Power Station 13. One Nine Elms 14. Nine Elms Point 15. Vauxhall Sky Gardens 1

19 BUS 32//33 Vauxhall Town Centre Transport for London and the London Borough of Lambeth are proposing to create a thriving centre for Vauxhall, to make it a better, safer, more vibrant place for everyone who lives, works and travels through it. The proposals include removing the one-way traffic system around Vauxhall Cross and returning the streets to two-way working, and making improvements to the rail, bus and tube interchange. This will create a safer environment for the growing number of pedestrians and cyclists in the area. Vauxhall could be transformed by creating a thriving centre. This will include wider footways and pedestrianised areas, new and better public spaces, and room for large and small businesses. There will be more shops, restaurants and cafes, with improved more logical connections across the area and to the river. Investment in the area will bring opportunities for businesses and jobs for local people, supporting Vauxhall s growing economy. The proposals can be summarised as follows: Two-way working gyratory: By converting the main Vauxhall gyratory to two-way roads, driving through the area will be simpler and safer with more direct routes through Vauxhall. Two-way traffic will help reduce traffic speeds and improve lane discipline. New wide pedestrian crossings with signals for safe crossing between the public transport interchange, the river, Albert Embankment and the local Vauxhall and Nine Elms areas. edicated cycle-only routes separated from the road throughout the majority of the new road layout integrated with the proposed Cycle Superhighway 5 route. Maintaining and improving the rail, tube and bus interchange: Changes would be required to the current bus station (including removing the existing bus canopy), but buses would continue to run through the centre of the area to retain the benefits of short walking distances between rail, tube and bus stops; bus stops would still be kept together, with weathercover, good travel information and other facilities. New and improved public spaces: The provision of new, open, trafficfree pedestrian-friendly public spaces including more places to eat, shop and spend time in the centre of Vauxhall. Vauxhall Gyratory Proposed Transport, Pedestrian and Cycle Improvements Vauxhall Gyratory - Proposed Transport, Pedestrian and Cycle Improvements Reduced vehicle speeds NINE ELMS LANE BRIGEFOOT More direct pedestrian and cyclist movement at key junctions Improved access to the river ANSORTH ROA PARRY REET ALBERT EMBANKMENT Improved pedestrian provision to wider area Improved crossing BUS ONLY ONLY BONAY New public space and opportunity for development New bus station facility designed around two way operation Connected cycling provisions to the VNEB area SOUTH LAMBETH PLACE Cycle provision on andsworth Road and Parry Street to be developed PARRY REET SOUTH LAMBETH ROA CS5 integrated into new scheme (subject to future design and traf c modelling work) South Lambeth Road Quietway integrated into new scheme More direct vehicle movement through Vauxhall LANGLEY LANE VAUXHALL GROVE GLYN REET BUS OP KENNINGTON LANE Reversal of the one way system to reduce queues on the approach to the viaduct HARLEYFOR ROA BUS OP KEY New pedestrian crossing URHAM REET Cycle Superhighway 5 (CS5) Traffic island New cycle lane evelopment site with approved planning permission Signalised pedestrian or pedestrian/cycle crossing Bus only area Shared use footway for cyclists and pedestrians

20 34//35 The Tower eveloper St George Architect Broadway Malyan Site size 0.3 hectares (0.6 acres) Private units 216 evelopment status Practical completion Battersea Power Station eveloper BPS evelopment Company Architect Rafael Viñoly Site size 15.8 hectares (39.0 acres) Private units 2,944 evelopment status Under construction Nine Elms Place Creation Embassy Gardens eveloper Ballymore Group Architect Sir Terry Farrell, Allford Hall Monaghan Morris, Fielden Clegg Bradley and Arup Site size 6.0 hectares (14.8 acres) Private units 1,548 evelopment status Under construction Riverlight eveloper St James Group Architect Rogers Stirk Harbour + Partners Site size 2.0 hectares (5.0 acres) Private units 699 evelopment status Under construction One Nine Elms eveloper alian anda Group Architect Kohn Pedersen Fox Site size 0.8 hectares (2.0 acres) Private units 436 evelopment status Under construction The Corniche eveloper St James Architect Foster + Partners Site size 0.4 hectares (1.0 acres) Private units 168 evelopment status Under construction

21 Nine Elms Point eveloper Barratt London Architect Rolfe Judd Site size 5.3 hectares (13.0 acres) Private units 369 evelopment status Under construction 36//3 7 Merano Residences eveloper St James Group Architect Rogers Stirk Harbour + Partners Site size 0.1 hectares (0.2 acres) Private units 34 evelopment status Under construction Vauxhall Square eveloper CLS Holdings Architect Allies & Morrison Site size 1.9 hectares (4.6 acres) Private units 410 evelopment status Planning permission Vauxhall Sky Gardens eveloper Frasers Architect CJCT Site size 0.2 hectares (0.5 acres) Private units 180 evelopment status Under construction Vauxhall Cross Landowner endover Investments Limited Architect Squire and Partners Site size 0.4 hectares (0.9 acres) Private units 241 evelopment status Planning permission

22 38//39 New Covent Garden Market eveloper Vinci St Modwen Architect Skidmore, Owings and Merrill Site size 23 hectares (57 acres) Private units 2,400 evelopment status Planning permission Nine Elms Parkside Landowner Royal Mail Group Architect Allies and Morrison Site size 0.8 hectares (2.0 acres) Private units 1,870 evelopment status Planning permission New Bondway eveloper McGrove Limited Architect Make Site size 0.4 hectares (0.9 acres) Private units 360 evelopment status Planning permission Nine Elms Vista eveloper Berkeley Architect Scott Brownrigg Site size 1.0 hectares (2.6 acres) Private units 388 evelopment status Planning permission Keybridge House eveloper Mount Anvil Architect Allies Morrison Site size 2.0 hectares (4.9 acres) Private units 396 evelopment status Planning permission

23 E S 40//41 Penthouse View INICATIVE VIE FROM THE 36TH FLOOR

24 42//43 Further Information An extensive data room of supporting documentation can be found on the dedicated website To obtain a password for the website and for information relating to the sales process please contact Knight Frank LLP or Cushman & akefield.

25 44 Contact JUIN GAZE : +44 (0) M: +44 (0) E: justin.gaze@knightfrank.com ANIEL AR : +44 (0) M: +44 (0) E: daniel.ward@knightfrank.com JACK SIMMONS : +44 (0) M: +44 (0) E: jack.simmons@eur.cushwake.com JAMES CHELL +44 (0) M +44 (0) E: james.chell@eur.cushwake.com 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP or Cushman & akefield LLP in the particulars or by word of mouth or in writing ( information ) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. None of the services or appliances have been tested and no warranty is given or is to be implied that they are in working order. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice. Knight Frank LLP is a limited liability partnership registered in England with registered number OC Our registered office is 55 Baker Street, London, 1U 8AN, where you may look at a list of members names. March 2015 Brochure designed and produced by SAENTYS +44 (0) info@saentys.com

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27 52 THE BUILING LOREM IPSUM OLOR SIT AMET, CONSECTETUER AIPISCING ELIT, SE IAM NONUMMY NIBH EUISMO TINCIUNT UT LAOREET OLORE MAGNA ALIQUAM ERAT VOLUTPAT. UT ISI ENIM A MINIM VENIAM, QUIS NORU EXERCI TATION ULLAMCORPER SUSCIPIT LOBORTIS NISL UT ALIQUIP EX EA COMMOO CONSEQUAT. UIS AUTEM VEL EUM IRIURE OLOR IN HENRERIT IN VULPUTAT Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. uis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blandit praesent luptatum zzril delenit augue duis dolore te feugait nulla facilisi. Nam liber tempor cum soluta nobis eleifend option congue nihil imperdiet doming id quod mazim placerat facer possim assum. Typi non habent claritatem insitam; est usus legentis in iis qui facit eorum claritatem. Investigationes demonstraverunt lectores legere me lius quod ii legunt saepius. Claritas est etiam processus dynamicus, qui sequitur mutationem consuetudium lectorum. Mirum est notare quam littera gothica, quam nunc putamus parum claram, anteposuerit litterarum formas humanitatis per seacula quarta decima et quinta decima. Eodem modo typi, qui nunc nobis videntur parum clari, fiant sollemnes in futurum. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. uis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blandit praesent luptatum zzril delenit augue duis dolore te feugait nulla facilisi. Nam liber tempor cum soluta nobis eleifend option congue nihil imperdiet doming id quod mazim placerat facer possim assum. Typi non habent claritatem insitam; est usus legentis in iis qui facit eorum claritatem. Investigationes demonstraverunt lectores legere me lius quod ii legunt saepius. Claritas est etiam processus dynamicus, qui sequitur mutationem consuetudium lectorum. Mirum est notare quam littera gothica, quam nunc putamus parum claram, anteposuerit litterarum formas humanitatis per seacula quarta decima et quinta decima. Eodem modo typi, qui nunc nobis videntur parum clari, fiant sollemnes in futurum.