CBRE Borough Guide: Lambeth
Lambeth’s already rich cultural offering was further enhanced in 2015, with the £80 million refurbishment of the National Theatre. In addition, major works are now underway at the Southbank Centre which will see several buildings undergo improvement works totalling a further £25 million. Lambeth incorporates the Vauxhall segment of the Vauxhall, Nine Elms and Battersea (VNEB) regeneration area.
The total regeneration will deliver 18,000 new homes and 25,000 jobs with Vauxhall responsible for 3,500 and 8,000 of these respectively. This regeneration also includes upgrading the Vauxhall transport interchange and extending the Northern line to provide a new station at Nine Elms. Waterloo Station will also undergo an £800m redevelopment, and 1,900 new homes are planned for the surrounding area. Further investment is concentrated in Brixton and the areas of Clapham, Streatham and West Norwood.
Good to know:
- Along with Sutton, Lambeth had the largest growth in its private rental sector of all London boroughs.
- The Ritzy Cinema, Brixton, built in 1911 was one of England’s first purpose built cinemas.
- Built as part of the Festival of Britain in 1951, the Royal Festival Hall became a Grade I listed building in 1988; the first post-war building to do so.
- Lambeth has the second highest rate of employment across London