Property investors in Nine Elms region of London have a reason to rejoice! The Battersea Power Station redevelopment, which is located in Nine Elms, is set to provide a £20 bn boost to the British economy by way of creating new jobs and propelling local growth.
An economic impact assessment conducted by the Battersea Power Station Development Company (BPSDC), which is redeveloping the defunct power station into a new property destination, revealed the positive outcome. The revelation comes close on the heels of a major announcement by technology giant Apple, which is moving into the Battersea redevelopment by 2021. This will contribute to the significant growth of the value of properties in the Nine Elms region.
The redevelopment of Battersea Power Station, which is spread over 42 acres, includes 3,500 new homes and 1.2 million sqft of office space. In addition, leisure facilities, hotels and restaurants will also come up at the site. Interestingly, the prestigious Sky Gardens development, which is being marketed by Strawberry Star, is located close to the Battersea redevelopment.
All these market developments make Sky Gardens a compelling proposition for investments. You can invest in a buy-to-let apartment in Sky Gardens for a steady income over the next few years as rental growth projection is high. For more information, contact our property marketing professionals in London.
The creation of a multi-functional, mixed-use place that will become an exemplar project in London is the key objective.