Affordable homes at Battersea Power Station
Peabody will be delivering 386 affordable homes at the Battersea Power Station development.
We're pleased to announce that we've entered into a strategic partnership with Battersea Power Station to deliver the first 386 affordable homes at the development. These homes will be delivered three years earlier than required in the masterplan, with preliminary works beginning this year. They should be ready for local residents to move into in 2020.
Patel Taylor is the appointed architect on this phase and the design of these new buildings – ranging from one to four bedroom properties – will echo the style of London’s grand redbrick mansion blocks. The homes will be a mix of shared ownership and affordable rent. The rented homes will be significantly discounted from market rate and there will be homes available on a part-rent, part-buy basis. All homes will have private outdoor space – balconies, terraces, access to private residents’ gardens and 98% will be dual aspect. The development is also expected to comprise a new £13 million NHS medical centre, as well as workspaces for start-up businesses.
These are the first 386 affordable homes that Battersea Power Station is committed to delivering with a review mechanism due to take place nearer completion to confirm the final number of affordable homes to deliver.
- Find out more about affordable homes at: www.batterseapowerstation.co.uk/affordablehomes
About the partnership
Peabody was chosen to partner with the developer following a consideration of several government-registered providers.
Brendan Sarsfield, Chief Executive of Peabody (far right above), said:
"The regeneration of Battersea Power Station is an iconic scheme for the capital which we are pleased to be a part of. This collaboration will be an important part of the 2,500 new homes we are building each year. These top-quality, genuinely affordable homes will be on the doorstep of the new Northern Line tube station, making it a hugely desirable place to live and work. The traditional mansion block designs, with a courtyard and spaces for children to play, will be a great addition to the Nine Elms neighbourhood.
"We look forward to working with Wandsworth Council, Battersea Power Station Development Company and the GLA as the scheme progresses."
Rob Tincknell, Chief Executive Officer at Battersea Power Station Development Company (far left, above), said:
"We believe Peabody are one of the best in class when it comes to providing and looking after affordable homes so we are confident this partnership will ensure the local community benefits sooner than we originally promised and can enjoy the high standards of accommodation they rightly expect.
"We look forward to starting works on these homes with Peabody and encourage locals to register to become part of the Battersea Power Station community."
Cllr Ravi Govindia, the leader of Wandsworth Council (second left, above), said:
"This is an important announcement as part of the wider Nine Elms regeneration project, which is bringing 20,000 new homes and 25,000 permanent jobs to the area. Wandsworth Council has been involved with Peabody on many different projects over several years and we are pleased to be working alongside them again."
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