Waterloo is one of the busiest and most vibrant areas in London. It’s a must visit if you want to enjoy cultural venues, including theatres, museums, and more. On top of that it is a great spot for dining and drinks. Aspirations to develop the area mean it could have an even brighter future too. We want to have a closer look at this here because of a significant recent partnership. Then, if you want help with estate management in Lambeth and more, you can trust us.
Partnership
Towards the end of May we got the news of an agreement between the London Borough of Lambeth, Places for London, and Network Rail. They will partner up to make Waterloo a destination, enhancing the station as well as the wider area on the South Bank.
The partnership will explore opportunities for regenerating the area. Most crucially, they’ll work with major stakeholders as well as the community. The goal is to unlock growth for the area and make it a special place for future generations. Safety, health, and sustainability will all be crucial.
Background
The announcement of the partnership follows the publication of the Waterloo Station Vision last year. It details the long term aspirations for the area. Crucially, it was in development since 2022, taking time to see the full depth of what could be possible in the area.
The vision for the area has some really fantastic elements. For one, it wants to deliver a world class station to ensure a better experience for visitors. This is important because it’s one of the busiest stations in London, welcoming over 62.5m travellers in 2023/2024.
There is a focus on improving the wider area too, including enhancing connections for walking, cycling, bus services, and taxis. Even better, there is a focus on green infrastructure, including trees, pocket parks, rain gardens, and more. Public space will also become even better, ensuring it is safe, accessible, and welcoming. If all of this attracts you to invest, you can rely on us to arrange things like estate management in Lambeth.
Undercrofts
One part of the redevelopment that is now moving forward is plans to create new cultural venues in the Waterloo Bridge undercrofts. Lambeth Council will lease them to become a food court, bar, and venue. The goal is for it to become a new thriving part of the nightlife.
There is a lot of potential here. The hope it is will be successful like similar schemes in Hackney Wick and Southwark. Crucially, it will create new jobs in the area and could therefore be a big boost for the economy.
What next?
The hope is the undercrofts will be ready to open towards the end of the year. Other projects will also move forward in various phases. It will be interesting to see the different proposals in the future. We could see new amenities, new housing, and much more for the area.
Talk to us about estate management in Lambeth
Finefair Ltd knows how wonderful Waterloo and the South Bank area are. There is so much to offer, including some of the best cultural attractions in the world. It is a fantastic place to live, work, and visit. The regeneration and development work will only help to propel it even further.
If you’re thinking about investing, we have the ideal services for you. Our flexibility is key because it means we can work with various properties, including HMOs. Estates are one of our specialities. They can be tough to manage, with additional challenges to keep in mind. Luckily, we can provide effective solutions. We even arrange guaranteed rent.
So, if you need help, including with estate management in Lambeth, please reach out. You can get more information from our team and explore your options.
