02 March 2015
Nine Elms pedestrian bridge will be a hugely significant project for South London

Seventy-four proposals submitted for Wandsworth's Nine Elms pedestrian bridge competition

This week, the seventy-four entries submitted to the architectural competition for the proposed new Nine Elms pedestrian and cycle bridge have been revealed. Innovative, challenging and exciting, the sheer number of designs show what a hugely significant project this is for South London, linking Pimlico with Nine Elms, with the bridge set to land adjacent to the new US Embassy. It is a setting that will resonate on the world stage.

The bridge will be both a crucial transport link and will become one of London’s landmarks. The architectural practices cannot be named under EU procurement rules but it is understood that they are ‘World renowned’ and include up and coming practices from the UK and overseas. The successful design will represent a rare opportunity to make an indelible mark on the Capital.

For us, as real estate advisors specialising in South Bank, the bridge is significant as it should hasten the market's expansion south and west.

The last two years have seen unprecedented levels of demand for office space in South Bank, resulting in Take-up approximately double the long-term average. However, the vast majority of office stock remains concentrated in London Bridge and Bankside.

Our view is that companies will continue to look to locate south of the river as an alternative to the City and West End, but the search will extend beyond SE1. The scale and mix of development at Nine Elms should create a vibrant and diverse business district, with the Nine Elms bridge creating an important link to Pimlico.

We are aware that City of Westminster planners have some reservations around the local impact for Pimlico, but we would urge them to embrace the opportunity that this proposed iconic river crossing affords for London.