New neighbourhoods in Central London are rare – much of Zone 1 has already been developed, and where there are opportunities to build new properties, plots of land are typically small and sparse.
The results are new residential buildings which, while often impressive in their own right, rarely form part of a larger, curated estate. Attention may have been paid to architecture, apartment design and amenities, but without the luxury of space, it is not possible for developers to provide the same high-quality lifestyle offering of a new, large-scale neighbourhood – where the overall experience is as well thought-through as each of its individual components.
Battersea Power Station, the new 42-acre riverside neighbourhood in Central London set around the iconic Grade II* listed landmark, offers something special. The vibrant mixed-use neighbourhood, which brings together world-leading architects to create remarkable residential, retail, leisure and office opportunities, is unlike anything else in Zone 1.
A buzzing new town centre, Battersea Power Station is already home to more than 2,500 residents, 5,500 workers and thousands of visitors who come to explore the neighbourhood each week, whether to shop, dine, relax in the six-acre Power Station Park, or simply marvel at the restored Power Station.
More than 100 British, international and independent brands have chosen to call Battersea Power Station home, including premium retailers such as Mulberry, Rolex, and APC, and popular high-street brands like Zara, Uniqlo and Nike. There are more than 45 restaurants, bars and cafés to be enjoyed too, from riverside alfresco options to the exciting new 24,000 sq ft Arcade Food Hall, which offers 12 cuisines from around the globe.
The neighbourhood has also received the endorsement of major office tenants including Apple, which occupies a 500,000 sq ft office in the Boiler House at the heart of the Power Station, to SharkNinja and IWG, who operate The Engine Room, a new 40,000 sq ft co-working space inside the iconic building.
The estate has also progressed enormously since the opening of the Northern Line Extension in September 2021, providing Battersea Power Station with a Zone 1 Underground station and journey times into the City and the West End of 15 minutes.
Only a small number of residential opportunities remain at Battersea Power Station. Fewer than 10 apartments are available in the Power Station itself, including an exceptional selection of Sky Villas which sit between the landmark’s iconic chimneys.
The recent off-plan launch of the Foster + Partners’ designed Koa at Electric Boulevard is already more then 50% reserved, with the collection of studio, one- and two-bedroom apartments due to complete by the end of 2023. There are also a handful of apartments available in Gehry Partners’ Prospect Place, the only residential building in the UK by the internationally recognised architect.
Demonstrating the investment potential of buying into a large-scale new neighbourhood, Battersea Power Station has far outperformed the London market for capital growth. Prices in the first phase, Circus West Village, grew by 50% between 2017-2022, as the neighbourhood flourished into the mixed-use estate it is today. With only a few apartments left in the current phases, opportunities are fast running out to buy here as well as to benefit from the predicted capital uplift expected as the remaining phases come to fruition.
View on Instagram
For more information, please visit: batterseapowerstation.co.uk
