“After a rash of media reports warning of ‘Nine Elms disease’ and ‘Battersea panic stations,’ the fortunes of London’s latest large-scale redevelopment project appear to be improving,” Gemma Acton reports for CNBC. “The high-profile Nine Elms development in the south-west London district of the Battersea area presents a very strong medium-term opportunity for residential buyers, according to a report published this morning by property service provider, Jones Lang LaSalle (JLL).”
“The report follows last week’s announcement that Apple would be moving its 1,400 London-based staff into the iconic Battersea Power Station (BPS) project,” Acton reports, “welcome news for a development which has garnered its fair share of unflattering press in recent months around surplus supply, sky-high prices and poor coordination between the various adjacent developments.”
“As for the most recent developments, Apple’s choice of the site could seen as a boost for the project,” Acton reports. “On a phone call with CNBC, JLL’s Head of Residential Andrew Frost said, ‘The Apple deal is a massive game-changer. It provides a strong legitimacy and brings the first large-scale private employer to the area.'”
Read more in the full article here.
MacDailyNews Take: Congrats again to the UK in general and to London in particular!
Apple to create stunning new $11.7 billion London headquarters at Battersea Power Station – September 28, 2016