Northern Line extension plans put to public consultation

Property to rent in Battersea could become even more attractive if Transport for London’s plans to extend the Northern Line are given the green light.

The city’s public transport body has launched the third and final public consultation on the project, which would see the London Underground network extended from Kennington to Battersea.

It is seeking views from local residents before it finalises its application for a Transport and Works Act Order in the spring of next year.

Under the plans, two new Tube stops would be created to benefit even more of London’s citizens. One would be situated at Nine Elms and the other at Battersea Power Station.

Although those living in Battersea have access to overground railway networks taking them into Waterloo and Victoria, there are currently no Tube lines serving the area.

The extension of the Northern Line into Battersea could therefore have a very positive impact on the local lettings market.

According to Transport for London, journey times into the City and the West End from this part of London would be cut to around 15 minutes as a result of the new link.

Managing director of planning Michele Dix said: “We are really keen to hear what local residents and business have to say about our proposed plans for the Northern Line extension before they are finalised.

“This new transport link could help kick-start regeneration of the area by supporting the creation of thousands of new jobs and homes.”

A number of public exhibitions are being held at venues across Wandsworth and Lambeth – the two boroughs to be affected by the plans – in the coming weeks, including one at the Gallery on the Corner on Battersea Park Road on November 29th.

The Northern Line carries around 660,000 passengers every weekday and serves 50 stations between Morden and Edgware, Mill Hill East or High Barnet.

It has two Central London branches – one via Bank and one via Charing Cross.

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Battersea Power Station: Out of the frying pan into the fire

The horror story continues…

Nightmare on Nine Elm Street

The abysmal Vinoly plans for Battersea Power Station that we had all hoped were finally dead and buried with the collapse of previous owners REO has come back to haunt all who care about the beautiful building and the quality of life for all those living in its shadow and the surrounding area.

Just when you thought it was safe Architect Viñoly has been hired as “creative brain” behind developer Mike Hussey’s plan for a new stadium for Chelsea football club. AAAHHHHHHGGGGG……

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REO collapses into administration

Real Estate Opportunities has been put into administration by a UK judge after its owners failed to repay debts of £501m owed to Lloyds Banking Group and Ireland’s National Management Asset Agency (NAMA).

Administrators Ernst & Young have taken control of the Grade II listed red-brick building and will now either sell the site or the debt to recover the amount owed. The creditors initially called in the loans on 29 November and REO was inviting offers for its controlling stake in the site soon after.

Lloyds told the Guardian: “From the outset we have been determined to secure a buyer who will kickstart the regeneration of Battersea Power Station and we have done everything possible to give the owners both the time and financial support to achieve this.”


“However, after several months of discussions and still no acceptable offers on the table, administration is the only means we have to ensure that a sales process is put back on track. Without a financially stable owner, the site’s future remains unclear and that’s a situation we want to avoid.”

Keith Garner of the Battersea Power Station Community Group, which opposed the Irish company’s plans, called for the power station to be returned to the public sector, with repairs to be funded by the Heritage Lottery Fund.

The group said on its blog: “For the Battersea Power Station Community Group it is just another ‘new beginning’ as the fourth developer limps off stage to boos and jeers.”

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Your TV tonight: The undead Grey Men of Battersea Power Station

On ITV’s London Tonight and LBC radio you can watch or hear Ravi Govindia, the leader of Wandsworth Council who, as former cabinet member for “strategic planning and transportation”, is particularly responsible for the failed private-property owner led regeneration of the area,  trying to defend the borough’s pathetic policy towards the obviously flawed and greedy plans for Battersea Power Station.

Only a few days ago George Osborne and Boris Johnson were doing their best to puff the disastrous scheme which is now as all but dead and buried by the creditors calling in their loans.


For the Battersea Power Station Community Group (BPSCG) it is just another “new beginning” as the fourth developer limps off stage to boos and jeers.

Keith Garner is also interviewed calling for the whole site to be put into public ownership for a sensible, viable, gradual development of the historic and beautiful building and its surrounding site. An ideal exhibition for industrial power ( see our previous blogs). Keith cites the difference in the approach of Southwark to the other Gilbert-Scott designed river front power station, the highly successful Tate Modern. Through partnerships and a gradual, planned development it shows what Battersea residents could have had these past 30 years.

WATCH: ITV London Tonight on Battersea Power Station debt

Spectacle’s crew were there today too and will be posting soon the bits of the interviews the broadcaster left out. Including an hilarious episode where the owners try to stop ITV filming by shutting the gates. Perhaps their last act.

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Creditors call in Battersea Power Station debts

For Sale

 

NAMA and Lloyds  are owed 502 million pounds ($786 million) by the owners of Battersea Power Station and they want their money back. Now.

Despite REO’s attempt at positive spin (see below) their ridiculous plan is over and it is about time the heritage site was brought into public ownership and restored as a site for Industrial Power.

 

Real Estate Opportunities plc (the Company)
Battersea Power Station facilities:

The Company announces that certain subsidiaries (BPS Subsidiaries) of Battersea Power Station Shareholder Vehicle Limited, the holding company of Battersea Power Station formed for the purposes of the restructuring that was announced in April 2011 and which is 54% owned by the Company, have received demand for repayment from Bank of Scotland plc, as agent for the National Asset Management Agency (NAMA) and Lloyds Banking Group the (together the senior lenders), under the senior facilities advanced in respect of the Battersea Power Station site, aggregating approximately £324m, and from Oriental Property Limited under the facilities advanced by it to the BPS Subsidiaries, aggregating approximately £178m. The BPS Subsidiaries are currently not in a position to satisfy these demands for repayment.  The Company has also been advised that NAMA  and Lloyds Banking Group have applied to the English court for the appointment of administrators to certain of the BPS  Subsidiaries and that a hearing for this purpose is to be held on 12 December 2011.
The Company remains in discussions which may result in the disposal of the group’s interest in the Battersea Powerstation site and repayment of associated liabilities.  However, there is no certainty that any such transaction will be effected.
The Company’s other assets, which are situated in Ireland, are unaffected by the above developments. The Company has recently received term sheets from NAMA, the principal lender in respect of its Irish assets, indicating NAMA’s continued support for the Company’s business in Ireland.

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Why the Northern Line extension will never happen

The recent PR buff on Battersea Power Station has left us no closer to a solution to the issue. Chancellor George Osborne and Mayor of London, Boris Johnson, have been talking about the Northern Line extension and oligarch Roman Abramovich has received media attention by saying that he’s thinking about moving Chelsea Football Club‘s home ground South East of the site.

Extending the Northern line from Kennington to Battersea is one thing – funding the project is another. During the Autumn Statement in the Commons today, Osborne stated that the government will back the project – but did not mention with how much. He also called for “a developer” to contribute to the project and develop the power station site before a deadline of 2013.

The project is still heavily reliant on private funding and current owners Treasury Holdings is going to struggle. A scheme this size, roughly three times the size of Canary Wharf if you include Nine Elms, is always going to be difficult to get up and running at the best of times. But in a recession..?

Giving the Northern Line extension green light and talking up the moribund and equally fantastic Rafael Viñoly’s nightmare vision of gloomy glass canyons, is certainly invaluable property pump priming. And it’s hard to imagine why the Conservatives are so happy to collude in this theatre, given that they held their 2010 election campaign launch under the same chimneys which Battersea Power Station’s owner Richard Barrett, one of the co-founders of Treasury Holdings, once said “would fall in strong wind.”

Recently, Tory dominated Wandsworth Borough Council’s planning committee gave Treasury Holdings permission to demolish the power station’s chimneys on the grounds that they were unsafe. However, many experts disagree and local residents believe that, like the roof which was never replaced, the chimneys will never be re-built once they are gone. If Treasury Holdings really believe that the chimneys are precarious, it shows a very cavalier approach to the health and safety of Her Majesty’s Opposition, as there wasn’t a hard hat in sight.

The Battersea Power Station should become a World Heritage site for industrial power. The site has a unique Victorian Pumping Station with site of the biggest Cornish engine of its day. It also has spectacular gasometers dating from 1910 as well as, of course, the beautiful coal-powered art deco power station.

It would be nice to see Abramovich spend some of his heard-earned billions derived from oil, show some philanthropic decency and rescue the site from the clutches of the myopic grey men. They would simply turn the site into just another crass, desolated, windswept and empty river-front development along the banks of the Thames.

The Big Society was prime minister David Cameron’s flagship policy idea for the 2010 election campaign and has stated that it’s his “mission.” One may ask, if one of the world’s richest men isn’t going to chip in – then who will?

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New Nine Elms development no more than a Battery of Tower Blocks

Architect Keith Garner is voicing strenuous objections to the so-called ‘regeneration opportunity’ at Nine Elms in Battersea. Wandsworth council and developer St James are proposing the construction of tower blocks of 16,000 new homes, along with shops, offices and a tube extension. He went to see an interactive model of the area, along with videos and other visual displays at the exhibition at Battersea Studios, off Silverthorne Road.

Model of proposed Nine Elms development

Garner, who is also a member of the Battersea Power Station Community Group, is objecting to what he views as a “deeply unattractive project,” on three grounds: the destruction of views, especially of Westminster Palace, the disappearance of promised open green spaces and thirdly, the nonsensical positioning of the new northern line extension from Kennington.

To allow a battery of tower blocks to be built at the east of the area towards Vauxhall would ruin the ordinary public’s views upstream from Waterloo and Westminster and downstream from Battersea and Chelsea, points out Garner, apart from residents and tenants of the new development. Millbank Tower, now a Grade II listed building, was consciously designed to replicate the proportions of Victoria Tower nearby. However, its presence should not be used merely to justify yet another “collection of banal residential and office towers,” which are likely to spoil the backdrop of the Palace of Westminster looking down Whitehall.

Model shows planned cluster of new tower blocks

The architect also noted that the linear park ‘green swathe’ that was such a redeeming feature and justification for the project had vanished from the model! He said it was clear from speaking to Wandsworth Borough Council (WBC) staff at the exhibition that the developers were just ignoring the requirement to have a large green open space and that they had no real power to make them provide it. “Shouldn’t the areas designated as green swathe have been compulsorily purchased or handed over by the developers to WBC?” he remonstrated.

In addition, there was a missed opportunity to move Nine Elms Lane back from the river to the approximate line of the lamented green swathe, as the narrow sites between Nine Elms Lane and the river are so pinched and uncomfortable. This would enable larger sites adjacent to the river and the possibility of more substantial riverside public space than the customary 10 metre wide riverside walk. Moving the road may or may not be a good idea, but could at least have been been investigated. Bigger blocks should be up towards Wandsworth Road, not right by the river.

Finally, the proposed Northern Line extension from Kennington seemed to be purely to serve these development sites, and was not integrated properly at all with east Battersea. “Why, for instance, does the terminus at Battersea Power Station stop about 200 metres short of Battersea Park station? Why, indeed, are there no plans to refurbish the listed Battersea Park Station?” enquires Garner. “There is no public benefit to the existing communities of east Battersea from having the Northern Line, yet almost all the S106 money will go to pay for it rather than real benefits such as upgrading Battersea Park and Queenstown Road stations from their current squalid state, or other real public benefits such as new public park on the river or a 50 metre swimming pool.”

Garner concludes: “The overall impression the exhibition gave me was that this was just another developers’ carve-up like the Guinness site and the riverbank from Wandsworth to Battersea in general, with very little public benefit and a great deal of harm. If this ‘unrivalled opportunity for businesses’ means doing so much damage in an area beside the river and close to the city centre, then the council needs to re-examine its priorities. I would prefer these sites to be left fallow until more civilised and intelligent proposals come forward.”

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Treasury Holdings Northern Line Battersea Extension Plans

As we have mentioned here on the Spectacle blog previously; owners of Battersea Power Station, REO (Real Estate Opportunities), have some illustrious plans to bring the Northern line to the Power Station. The project has received support from the mayor’s office but no public money is being put towards it from either the mayor’s office or the Department of Transport. This extension would serve to sever the two branches of the Northern Line so that only Bank services would travel to Morden and Charing Cross services would end in Battersea. As it is very few Charing Cross branch trains travel past Kennington. Far from benefiting the local community, this extension is effectively an attempt to build a private station for a private development with little to no concern for the local people.

In typical architectural consultation manner, they’ve produced 4 proposals and asked people to choose which one they believe will be the most beneficial. One of these maps is reproduced below and they can also be found over at London Reconnections along with some other useful information about the extension plans.

As can be observed on the below map taken from OpenStreetMap, REO’s consultation map conveniently crops Victoria station and forgets to label Queenstown Road and Battersea Park stations. The South London Line which runs from Victoria and London Bridge passes through Battersea Park station thus the Power Station site is already connected to these two major stations. Additionally Queenstown Road station, five minutes walk from the Power Station site, is one stop away from Vauxhall Station. With these two connections to major stations very nearby, surely extending the tube to the area is a bit over the top? Tunneling is not a cheap process after all.

Another proposal suggests extending the Northern Line to Vauxhall en route to the new Battersea station, but as we mentioned, Vauxhall is already easily reachable from Queenstown Road station and is in fact actually quite a crowded station already. The other two proposals suggest an intermediary station in Nine Elms, either around New Covent Garden Market or at the site of the current Sainsburys. The intention here is to serve the Nine Elms opportunity area and the new planned US Embassy (allegedly their 12 storey embassy building requires some underground facilities). However a few more buses in the area could easily serve this purpose or even a small tram service which would be far cheaper than costly tunneling. Besides, Vauxhall is really only a short walk away.

The consultation has included a Freepost Questionnaire for anyone who would like to inform Treasury/REO how they feel about the proposals. It is also worth considering that Treasury Holdings are conducting the consultation themselves and likely have no obligation to share the results. Either way, how would the public know that any published results of the consultation would match up with the actual results?

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