Vauxhall Interchange: South Lambeth
Grant Mills Wood acted on behalf of Network Rail in letting a number of railway arches in Vauxhall which ranged in size from 469 – 4,672 sq ft
It has been well publicised that there is significant on-going regeneration of Vauxhall and the Nine Elms area (c. 195 hectares) which will become a vastly improved destination in the coming years. There is a great deal of development underway and in the pipeline across more than 20 interconnected sites stretching from Chelsea Bridge in the west over to Albert Embankment in the east. This includes (but is not limited to) two new Northern Line Tube stations, the US Embassy, a significant amount of residential accommodation (a large proportion of which has sold off plan within a week of hitting the market), office accommodation, shops and other amenities.
For further information, please visit: http://www.nineelmslondon.com/map
In line with the wider regeneration of Vauxhall and the Nine Elms area, we were looking to vastly improve the offer at the Vauxhall Interchange (main line rail services, Underground and Vauxhall Bus Station). It was agreed that the immediate offering around the station needed to be improved to meet the current aspirations of the wider Vauxhall area. As Network Rail control the arches around this area, the tenant mix could be significantly improved in order to cater for the high volumes of people using the immediate area on a day to day basis.
The transformation was kick started by lettings to Sainsbury’s Convenience and Nando’s in Arches 51 and 56 respectively, which set the tone for the immediate area.
This was followed by lettings to Dirty Burger (arch 54), VauxWall Climbing Centre (Arches 46, 47 & 47A) and Counter Brassiere (Arch 50).
Generally the arches were subject to extensive refurbishment programme which included lining the arches, new floors and replacing the arch in-fill’s with glass facades. In these instances Agreements to Lease were entered into, conditional only upon completion of works by Network Rail to an agreed specification.
There remains a strong appetite for space in this area and we are currently at the best bids stage for the arches on Albert Embankment/Goding Street. For further information on current availability, please use our property search.