Specialist London Developer, Frasers Property have gained planning permission from Wandsworth Council for a landmark c. €148.1 (£130m) Thameside apartment building at Riverside Quarter in Wandsworth. It provides 172 mixed tenure apartments; ground floor retail and commercial premises; 72 car and 340 cycle parking spaces, and extensive gardens and landscaped terraces fronting onto the river.
Situated at the north-east edge of Riverside Quarter, fronting onto the Thames and River Wandle, the landmark crescent-like glass, steel and aluminium panelled apartment building is one of the largest most significant residential planning permissions granted in Wandsworth for several years. Designed as a riverside gateway to Wandsworth, the building is the final stage of Frasers Property’s 10 year regeneration of the former Shell oil terminal, originally the site of a Victorian milliner’s factory.
Simon Lear, Chief Executive of Frasers Property Ltd said: “This landmark mixed use Thameside building will provide a riverside gateway to Wandsworth and is one of the most significant new residential developments in the Borough for several years. It marks the final phase of Frasers Property decade-long transformation of the former industrial riverside into a new destination for Wandsworth.”
Of the 172 apartments in the new crescent-like building 93 (54% of total) will be for shared ownership, managed by Optivo, and providing affordable housing for Londoners with the entry level allowing for households with an annual income of not more than €52,410 (£46,000). The remainder will be private sale apartments and penthouses.
The new development will result in the reopening of the Thames path along the riverbank, forming part of a new riverside promenade that will be fully accessible to the public, and will also activate funding to extend Wandsworth Riverside Pier.
