SGN Place has agreed a joint venture with Mitheridge Capital Management for a major residential-led mixed-use scheme at the former gasworks in Wandsworth.
The pair aim to develop around 700 homes across two parcels of land spanning 3.5 acres between the River Wandle and Swandon Way. They are working up plans for a mixed-tenure development with 35% affordable housing, alongside bars, restaurants and creative workspace, to be built over six years.
The site is one of the last undeveloped sites in Wandsworth town centre after the gasholders were decommissioned.
Simon Reilly, commercial director of SGN, said: “We have already successfully unlocked the constraints surrounding the site, leaving it ready for development. Together, we’re committed to turning the former gasworks into much-needed housing for the Wandsworth community, including a significant proportion of affordable homes.”
SGN has a portfolio of 16 sites across London with a potential capacity for 6,000 homes, with other large schemes in Rotherhithe and Old Kent Road.
Alternative investor Mitheridge recently bolstered its capabilities with the launch of development company Kin, led by former HUB managing director Steve Sanham, which has a debut scheme in south Croydon.
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