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26/04/2017

Battersea developers to delay affordable homes delivery

Words: Huw Morris
Battersea-Power-Station-masterplan.jpg

Rising construction and labour costs are forcing the developer behind London’s Battersea Power Station (BPS) to delay some affordable homes on the landmark scheme.

Battersea Power Station Development Corporation cited “wider economic changes” for the delays.

Under a deed of variation to the section 106 agreement submitted to the London Borough of Wandsworth, 103 affordable homes will now be relocated to a later phase when another 147 homes are scheduled to be built. The 103 homes represent around a sixth of the total affordable homes in the project.

To compensate, 386 affordable homes will be brought forward into the project’s next phase.

“The proposed modifications will reflect the specific circumstances of the site, reducing restraint and encouraging the continued development of the BPS,” said the planning document for the amendment.

“However, as a result of its uniqueness, the project faces a number of challenges which include both site-specific and wider economic changes which are placing increasing pressure on its continued successful delivery. As a result, the delivery priorities for the project have been reconsidered.”


Image: Battersea Power Station

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