Nine Elms on the South Bank has been rated the leading project in Planning and Regen and Renewal magazines’ top 100 regeneration projects in the UK, categorised on scale of investment.
Being the new entrant in this year’s competition, Nine Elms on the South Bank emerged the top 1 project, pushing aside, The Olympic Park and Greenwich Peninsula to second and third positions respectively.
The Nine Elms project, located between Lambeth Bridge and Chelsea Bridge, including Vauxhall town centre, the new US Embassy and Battersea Power Station, will cover 195 hectares of central London real estate.
Anticipated to attract more than £12bn of new investment and create 25,000 jobs, the Nine Elms project will create over 16,000 new homes as well as new schools, parks, and culture and arts destinations.
Nine Elms programme director Helen Fisher said the project will be among the greatest sources of new jobs and homes in the UK for several years to come.
"This underlines the sheer scale of the project and shows the industry we are open for business," Fisher added.
Most of the regeneration is currently being redeveloped under a coordinated delivery programme with Vauxhall, which includes about 25 interconnected investment sites.
Under the public-private partnership created in 2010 to coordinate and drive forward the transformation of an entire district of Central London, the project includes the main developers and landowners of the area, the Mayor of London, Transport for London and the Greater London Authority.
The Nine Elms Vauxhall Partnership has set out its priorities up to March 2016 for the proposed regeneration.
Image: The Nine Elms project is believed to transform the entire district of Central London; Photo: Courtesy of Nine Elms on the South Bank.