The developers behind Battersea Power Station plan to turn a part of the development that was previously set aside for a hotel into extra homes.
Battersea Power Station Development Company (BPSDC) has submitted a plans to Wandsworth Council for change of use, in a move that would create an extra 409 flats across the 42-acre site.
The plans show that around 26,379 square metres of floorspace on the site – where it had previously planned to build a hotel and serviced apartments – would make way for around 300 homes.
It also wants to reduce the number of larger four-bedroom flats and create more studio and one-bedroom apartments, resulting in an extra 109 homes.
"The amendments to the masterplan will deliver more new homes that will meet London’s demand – houses for single people and couples, working and living in London," the developer said in documents filed with the council.
"The aspiration is to provide more homes at appropriate sizes at Battersea Power Station, which in turn will seek to make homes at the site accessible to more people. The amended proposals aim to ensure that the site is lived in and enjoyed by more people, and help more Londoners to get a foothold in the Opportunity Area," it said.
The news, first reported on CoStar, come after City A.M. revealed last week that more than 50 luxury flats put up for resale have had their asking prices slashed since January, in a sign of a slowdown in London's prime property market.
However the company insists homes are selling well, with only 10 per cent reassigned in the first phase and enjoying a growth of on average 30 per cent. Of the 10 resales completed on average a month by Battersea Power Station's in-house agency, seven are understood to have been to British buyers.
A spokesperson from BPSDC, said: “The application to create an additional 400 homes by converting space originally allocated for a hotel and serviced apartments underlines the continuing strength of demand we are seeing for properties at Battersea Power Station. People buying at Battersea Power Station have seen average growth rates of 30 per cent or more, and with the arrival of the new tube station and wider improvements to the area these growth rates show no sign of abating.”