US real estate firm builds portfolio with plans for new Battersea residential site

An international real estate company has announced plans for a new residential and commercial building in Battersea.

Greystar Real Estate Partners, based in the US, has purchased a 0.84 acre site in Battersea, subject to planning.

The site, which received base planning consent for a residential building in 2019, is now set to become home to a revised building containing residential and commercial space.

Mark Allnutt, senior managing director of Europe at Greystar, commented: “The site provides an opportunity for us to deliver a development from the ground-up in a well-connected central London location.

“We are proposing a purpose-designed, highly amenitised concept that will bring a new type of product to this part of London to meet pent-up demand and emerging customer requirements.

“We look forward to collaborating with the London Borough of Wandsworth to refine our plans and hope to unveil our design later this year.

“There has been a surge of activity in the UK since Covid restrictions started to ease and we are actively looking for further acquisitions, so that we can continue to expand our European platform.”

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