Royal London Asset Management (RLAM), on behalf of the Royal London UK Real Estate Fund (RLUKREF), sold the retail site.
The landmark waterfront site, 362-364 Wandsworth Bridge Road is situated adjacent to Wandsworth Bridge on the North Bank of the River Thames, and at the heart of the South Fulham regeneration area, the site has the benefit of a mixed-use planning consent granted in 2020.
One of the last remaining regeneration opportunities on this stretch of the River Thames, the highly-sought-after 3.2-acre waterfront scheme will distinguish itself with uninterrupted water views. Comprising 4 – 12 storey buildings, the development will deliver 269 residential apartments, with almost every home featuring private external spaces, including roof terraces and balconies.
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The main building is set to feature an expansive entrance lobby linked to premium private amenities for residents, in addition to 24,000 sq. ft of landscaped podium gardens. Active ground and first floor commercial space totalling 31,242 sq. ft will be occupied by a mixture of tenants ranging from food, beverage, leisure and retail.
Situated within easy reach of the Kings Road, Chelsea, a choice of close transport links will connect residents to the West End, the City, and beyond, with a view to establishing the development as a leisure and retail hub benefitting the local area and residents, as well as marking the location as a destination in its own right.
Donal Mulryan, Founder of Rockwell commented: "The site offers an outstanding opportunity to deliver a landmark mixed-use development immediately adjacent to the River Thames. We're delighted to have partnered with Cerberus to acquire one of the only remaining waterfront development opportunities in this area and look forward to providing a best-in-class mixed-use residential development for the local community and new residents. This is the second high profile site we've secured along The Thames in the past year and demonstrates our commitment to London. We look forward to starting on site later this year."
