Vauxhall, Nine Elms and Battersea Project Feasibility and Delivery Strategy PRIVATE & CONFIDENTIAL Draft Final Report Date of Report: August 2010 Prepared on behalf of London Borough of Wandsworth Vauxhall, Nine Elms and Battersea Project Feasibility and Delivery Strategy PRIVATE & CONFIDENTIAL Draft Final Report Date of Report: August 2010 Prepared on behalf of London Borough of Wandsworth Contact details Knight Frank LLP 55 Baker Street London W1U 8AN George Barnes 020 7861 5387
[email protected] Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London, W1U 8AN where you may look at a list of members’ names. Executive Summary This report was prepared for London Borough of Wandsworth (WBC) by Knight Frank and Gardiner & Theobald. Its main purpose is to examine the potential of development within the Vauxhall Nine Elms Battersea area to fund infrastructure through payment of S106 tariffs and other forms of contribution. It also briefly examines the impact of development on current business premises in the area and the scope for the Council to assist businesses and retain them in the area. A more detailed study has been commissioned by a client team led by the GLA and including WBC (known as the Development Infrastructure Funding Study (DIFS) study). Our understanding is that this will estimate the cost of required infrastructure as well as setting out proposals for a tariff scheme to be adopted in the Opportunity Area Planning Framework (OAPF) using the proposed Scenario 5a. That study is to be completed after this report.