Henley Investment Management has obtained planning permission for the redevelopment of Albert and Swedish Wharf in Fulham, London, UK.
The planning application was approved by the London Borough of Hammersmith & Fulham’s councillors.
The project will feature a range of residential buildings and aims to revitalise the wharf area.
Albert/Swedish Wharf is said to be one of the last remaining undeveloped riverside locations on the River Thames.
The redevelopment plan aims to optimise an underused two-acre site adjacent to Wandsworth Bridge on the north bank of the River Thames.
Henley CEO Ian Rickwood said: “The redevelopment of Albert & Swedish Wharf is a truly unique opportunity to bring this site back into positive use. The River Thames has huge untapped potential for handling light freight and utilising the river more will help ease congestion and reduce pollution across London.
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By GlobalData“This scheme is a prime example of how underused brownfield land can be repurposed to help meet housing needs in London. The development will completely transform this part of the riverfront and the continuation of the Thames Path will create riverside access for new residents and the existing community.”
Henley’s proposal includes constructing residential buildings, varying from six to 17 storeys, which will house a total of 276 apartments.
These apartment units will range from studio to four-bedroom units, and each flat will include a private balcony or terrace.
About 35% of these homes will be classified as affordable housing, with a combination of social rent and intermediate rent options.
The project will also feature a 55,000ft² last mile logistics facility, a new wharf, and supplementary office space.
In addition, it will feature a new jetty to handle waterborne cargo.
In September 2023, the company proposed the construction of a tower as part of a redevelopment plan for Regent Retail Park, which will include 3,200 homes.