Homebase and B&Q near Wandsworth Town railway station face wrecking ball

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Community Editor
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Homebase and B&Q near Wandsworth Town railway station face wrecking ball

Postby Community Editor » Tue Sep 24, 2019 1:53 pm

Pension fund Legal & General announced in May that is had bought the Homebase and B&Q sites – and that it plans to combine them as a single huge building project.

Costing about half a billion pounds to build, this will deliver about a thousand flats (as well as 85,000 square feet of commercial space, which is a relatively small amount of the overall site – on the basis of recent experience of developments near stations we can probably assume this will involve at least one gym and at least one coffee shop). 

The projects were controversial: Homebase in particular saw repeated planning applications  rejected, before the decision was finally taken over by Mayor Sadiq Khanwho approved the controversial scheme. 

The final planning consents include 35% “affordable housing”, and funding towards a new entrance to the adjacent railway station. 

The B&Q part of the site was slightly less controversial, but still saw criticism for its sheer size. 

There’s an unusual twist to this development:  unlike most developments where the flats have been sold off as quickly as possible, this will be Legal and General’s largest ever “Built To Rent” scheme – i.e. they will hang on to all the flats as an investment, and rent them out in the long term. This fits quite well with the aims of a pension fund, which wants safe and stable (rental) income in the long term, rather than a quick buck from selling the properties; it’s also why pension funds typically own a lot of shopping centres and student accommodation.

The Wandsworth Society attended a meeting with Legal and General, where it was reported that B&Q will close in mid-October, with Homebase to follow in June 2020.

Many of us have spent many a weekend in these stores. Lucky for us, the Wandsworth Society has compiled a list of DIY stores for us once the two shops have closed. Please try to remember to shop local and independent if you can!

To learn more about this and to view the list of alternative DIY stores, visit: https://cjag.org/2019/09/24/clapham-jun ... iy-stores/


 
 
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Denwand
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Re: Homebase and B&Q near Wandsworth Town railway station face wrecking ball

Postby Denwand » Tue Sep 24, 2019 6:58 pm

It's been coming for a while...

It's going to look like downtown New York (without the shops, cafes, restaurants and bars of course - still there's the BP petrol station for your food shop - that's nice)

Flats,flats,flats ...and we will loose the open air aspect and skyscape around the station and roundabout to be replaced with windy walkways, dark towers and, eerily , ......Nobody about ...sigh! 
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daddydaycarerocks
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Re: Homebase and B&Q near Wandsworth Town railway station face wrecking ball

Postby daddydaycarerocks » Mon Sep 30, 2019 6:24 am

Another reason to despise Sadiq Khan. We need at least one big DIY store locally.
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Lot
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Re: Homebase and B&Q near Wandsworth Town railway station face wrecking ball

Postby Lot » Tue Jun 02, 2020 3:15 pm

What date is homebase closing
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Denwand
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Re: Homebase and B&Q near Wandsworth Town railway station face wrecking ball

Postby Denwand » Tue Jun 02, 2020 5:49 pm

I don't know the exact date but it can only be a week or so away now - they have huge "Closing down sale" banners all over it and the stock is rapidly going
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nairobi365
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Re: Homebase and B&Q near Wandsworth Town railway station face wrecking ball

Postby nairobi365 » Mon Jun 08, 2020 9:47 am

The staff don't know as new stock is still coming in. They reckon a couple of months
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gemima
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Re: Homebase and B&Q near Wandsworth Town railway station face wrecking ball

Postby gemima » Mon Jun 08, 2020 10:49 am

Denwand you are right.

Why is it Sadiq Khan's fault?
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daddydaycarerocks
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Re: Homebase and B&Q near Wandsworth Town railway station face wrecking ball

Postby daddydaycarerocks » Tue Jun 09, 2020 5:05 pm

Khan overruled Wandsworth councils objection to this massive site :-

https://www.wandsworthsw18.com/#!pages/ ... ndonway002

 
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gemima
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Re: Homebase and B&Q near Wandsworth Town railway station face wrecking ball

Postby gemima » Tue Jun 09, 2020 5:19 pm

Thank you for showing me that.  That's incredibly annoying.  He just doesn't want to look like the mayor who didn't build new homes as requested.
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daddydaycarerocks
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Re: Homebase and B&Q near Wandsworth Town railway station face wrecking ball

Postby daddydaycarerocks » Tue Jun 09, 2020 7:53 pm

In the same way the massive Plough lane development was objected to by Wandsworth Council and overruled by Khan, I am still not sure how public transport is going to cope both there and in Wandsworth Town.

 
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