Cedarstone Capital, joint venture partner Cheyne Capital and developer Bmor have unveiled detailed plans for its £2.25bn Vauxhall Square residential scheme in Battersea.
The partnership has enlisted architects Pilbrow & Partners to draw up new plans for the 3.8 acre site in the Vauxhall Nine Elms Battersea Opportunity Area.
The new proposals will include a total of 2,261 new homes, with 1,097 to include social rent, intermediate homes, build-to-rent (BTR) units and for private sale. A further 1,164 co-living apartments are to be built, as well as 699 student homes, with 35% earmarked at affordable rents.
Cedarstone has also allocated more than 2m sq ft of living and amenity space as well as new cafes, restaurants, bars and community facilities and a potential healthcare centre for the development. Initial plans were first announced in April.
The entire scheme will be hosted across several buildings rising from three up to 69 storeys, making Vauxhall Square one of the tallest in the Nine Elms area and the one of the largest regeneration scheme to be brought forward in London.
Living sector specialist Cedarstone acquired the development in May 2024 from Chinese developer R&F Properties. Cheyne Capital provided a senior loan for the acquisition. JLL advised R&F. The partnership is set to formally submit a planning application for the project.
Tom Upton, Founder of Cedarstone Capital Partners, said: “Vauxhall Square offers a unique opportunity to deliver a flagship masterplan and bring real benefits to the local community – including on-site affordable housing, a range of accommodation options and new amenities. Our plans are also designed to attract long-term institutional investment to facilitate the delivery and ongoing stewardship of the development.”
Jason Tracey, Founder of Bmor, said: “Vauxhall Square is our answer to what 21st-century London needs, a truly visionary urban community. With world-class design at its heart and inclusive growth running throughout, we’re delivering genuinely affordable homes for every stage of life. We’re proud to invest in a scheme that brings a stalled site back to life with high-quality homes, vibrant public spaces and lasting benefits for the local area.”
Theo Hajoglou, Director in Cheyne Capital’s Real Estate Group, said: “Our proposals for Vauxhall Square are the result of significant investment and the work of an exceptional team. This development will bring real change to Vauxhall and Nine Elms, with a substantial contribution to on-site social and affordable housing and the ability to unlock further affordable housing across the borough.”
The project team includes Pilbrow & Partners, Bmor, Trigon, DP9, Concilio, Volterra and Velocity.