The Singaporean developer – which specialises in London property – will create 172 mixed-tenure apartments at Riverside Quarter in Wandsworth.
The development on the banks of the River Thames and River Wandle is one of the largest residential planning permissions granted in Wandsworth for several years.
The building is currently in 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.
“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,” said Simon Lear, chief executive of Frasers Property.
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“It marks the final phase of Frasers Property’s decade-long transformation of the former industrial riverside into a new destination for Wandsworth.”
Of the 172 apartments in the new crescent-like building, 54% will be for shared ownership and will provide affordable housing for Londoners, while the remainder will be for private sale.
The development will also result in the reopening of the Thames path along the riverbank to form part of a new riverside promenade, which will be fully accessible to the public.
“Over 80% of Riverside Quarter is now successfully built and sold providing a community of homes, shops and leisure facilities fronting on to the River Thames,” added Simon.
“This landmark building has been highly anticipated as it completes the project and provides a new collection of desirable Thameside homes.
"We anticipate launching the building in early 2018.”