ShopStop acquired by private investors for £137 million

Author: Cyril Richert

ShopStop, the retail area of Clapham Junction station, has been acquired by DTZ Investors for £137 million.

The winning bid is said to be 30% above the initial price, which must have been a decisive factor to be chosen by DV4, clients of Delancey, over prestigious interested parties including vacuum cleaner pioneer James Dyson’s property business, Legal & General, Redevco, LaSalle Investment Management and Meyer Bergman. Continue reading

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NHS Centre opens in the PCS building

Author: Cyril Richert 

The new NHS centre located inside the ground floor of the PCS building in Falcon Road (entrance within the station car-park) has now opened. The NHS should receive appointments from hospitals for maternity/sexual health. Continue reading

Shop Stop is being sold for £100m

Author: Cyril Richert

The 70,000 sq ft retail parade constructed in 1987, Shop Stop scheme at the entrance to Clapham Junction station on St John’s Hill, SW11 is being sold.

The shopping parade was previously owned by the Metro Shopping Fund, the joint-venture with Landsec and Delancey, but is now 100% owned by DV4, clients of Delancey, having bought in the other 50% in April 2017. The price is said to be around £100m – a circa 4% yield

Current retailers include a 5,000 sq ft Sainsbury’s Central, M&S Simply Food, Paperchase, Café Nero, Hotel Chocolat, Mac Cosmetics and Monsoon, as well as a 14,000 sq ft gym let to Fitness First. The property also contains office space on the first and second floors, with additional basement parking. Continue reading

PCS to become a NHS centre

Author: Cyril RichertThe saga of the PCS building continues. A planning application (2018/2208) is being submitted to transform the first floor from office space to a healthcare facility.

Harmless enough, it seems to be due to the local community healthcare services having been transferred from St Georges NHS trust (who already have local facilities in the area) to Central London NHS trust (who don’t have many); it’s been a bit of an issue for a while in health circles and this seems a reasonably pragmatic (and cheap) solution. The NHS should receive appointments from hospitals for maternity/sexual health. Continue reading

Network Rail reveals ambitious plans for Clapham Junction station

Author: Cyril Richert

Clapham Junction station: Brighton Yard entrance

At the beginning of April, it was announced that Network Rail has taken over the running of the station to allow it to take any decisions on its redevelopment more easily.

NR is looking at options to relieve congestion in the short term, as well as investigating the feasibility of a massive station redevelopment in the longer term.
Continue reading

Appalling exhibition on the future of the Winstanley/Clapham Junction Station area

Author: Cyril Richert

Did you support the two 42-storeys towers at Clapham Junction station in 2009? If so you will be very pleased that Wandsworth Council is now pushing for such avision, but with a more ambitious project transforming of the full area into a small Canary Wharf type development!

For others, you will wonder if you should cry or laugh, but you will certainly be flabbergasted by the vision presented by the Winstanley York Road regeneration team. Continue reading