Part of the Riverside Quarter in Wandsworth, the £130m building will house 172 apartments

Frasers Property, part of Singapore-based Frasers Centrepoint, has received planning permission from Wandsworth Council for a landmark £130m Thameside apartment building at the Riverside Quarter development in the borough.

The new building will provide 172 mixed-tenure apartments, as well as ground floor retail and commercial premises, parking for 72 cars and 340 bicycles, plus gardens and landscaped terraces fronting onto the river.

Designed as a riverside gateway to Wandsworth, the building is the final stage of Frasers Property’s 10 year regeneration of the former Shell oil terminal, originally the site of a Victorian milliner’s factory.

Simon Lear, Frasers Property’s chief executive, said: “This landmark mixed use Thameside building will provide a riverside gateway to Wandsworth and is one of the most significant new residential developments in the borough for several years.

“It marks the final phase of Frasers Property decade-long transformation of the former industrial riverside into a new destination for Wandsworth.”

Of the 172 apartments in the new crescent-like building 93 – 54% of total – will be for shared ownership, providing affordable housing with an entry level allowing for households with an annual income of not more than £46,000. The remainder will be private sale apartments and penthouses.