A new London district is to be created as part of the regeneration of Vauxhall, Battersea and Nine Elms.
Mayor of the capital Boris Johnson said up to 25,000 new jobs could be secured, as well as the potential for 16,000 homes.
With the Northern Line of the Underground planned to be extended to Battersea, businesses could decide to secure London offices
in the area ahead of the regeneration. Rents may well be more affordable now than after the redevelopment and firms that relocate here can have their foot in the door before their rivals.
Mr Johnson said: "We have already seen how major investment in our infrastructure from the 2012 Games has transformed east London and is already attracting great interest from investors from around the world," adding he believes the same success can be achieved in Battersea, Nine Elms and Vauxhall.
He is also currently working on a new scheme at Beam Park, an east London 70-acre brownfield site. He has placed the former Ford Motor land on the market for redevelopment.
CLS Holdings put forward a planning application for almost 1.7 million sq ft of London offices
, shops, hotels, restaurants, cafes, housing and other leisure facilities in Vauxhall at the end of last year. It is hoped work will commence in 2014.
Posted by John Evans
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