A joint venture between SGN Place and Mitheridge Capital Management has begun working up plans for an 800-home scheme at the Calor and Wandsworth Gasworks site on Smugglers Way, SW18.
The plans will see redevelopment of 3.5 acres between the River Wandle and Swandon Way.
The jv has requested an environment impact assessment from Wandsworth Council, ahead of a hybrid planning application later this year. It is likely to seek permission for 800 homes at outline stage and 59,000 sq ft of retail and community space with a maximum height of 102m AOD.
Work has already commenced to decommission and dismantle the gasholder and associated buildings. Mitheridge and SGN joined forces last year to redevelop the site, with Mitheridge funding the jv to purchase land directly next to SGN’s.
It will be managed by Mitheridge’s development company, Kin, which launched last year led by former HUB managing director Steve Sanham.
Detailed plans for the first phase will see around 500 homes in a mix of tenures and around 38,750 sq ft of amenity space. The proposals are being designed by ShedKM, Carmody Groarke and Max Architects. The outline component comprises a further 300 homes and 21,500 sq ft of commercial space on the western part of the site.
All buildings will be demolished, excluding the outer ring of the gasholder which is below the ground and the National Grid head house, which will be retained and reused within the development. Construction is expected to commence in 2023, with an estimated four- to five-year build.
To the south of the site, Chinese developer Greenland recently brought the second phase of the £600m Ram Quarter to market. Greenland has completed 338 flats in the first phase of Ram Brewery and is seeking £40m for phases two and three, which have consent for a further 375 homes. To the north of the site, L&G is developing a £500m BTR scheme of 902 homes on two parcels of land to replace the Homebase and B&Q next to Wandsworth Town railway station.
Mitheridge CM is an alternative investment firm launched by managing partner William Yerburgh in 2010. It boasts a number of prominent real estate leaders on its advisory board, including Delancey chief executive Jamie Ritblat as non-executive chairman.
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