Looking for a home for your new creative business venture? Do you need space near where you live to make and create?
Then check out our new affordable workspaces in New Mansion Square, Battersea.
With great transport links, business support and a growing business community, New Mansion Square is the perfect home for your creative business.
Creative space: Second round Expression of Interest
Since June 2023, local residents have been invited to apply for space at New Mansion Square. This is now the start of wider marketing activities to let the remaining spaces.
Due to open in December 2024, we’re looking for creative tenants who want to start or expand their businesses in Wandsworth.
About the workspace
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Twelve self-contained workspace units with kitchens and a street frontage ranging in size from 344 sq ft (32 sq metres) to 1,345 sq ft (125 sq metres).
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A great location – just a four-minute walk from the new Battersea Power Station Underground station and nine minutes from Battersea Park train station.
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On-site business support and networking opportunities are provided.
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A dedicated Enterprise Hub, a co-working space offering desks, meeting space and a podcast studio for new businesses that aren’t ready to commit to a permanent workspace unit.
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Affordable rent - £27 per sq ft for the units and £150 per month for a desk in the Enterprise Hub co-working space. This represents a discount of approximately 50% to market rents.
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Due to open in December 2024.
Gallery
About the units
- Each self-contained workspace unit will have its own kitchen and face onto a new landscaped square
- The units will have access to accessible toilets, showers and bike storage
- They’ll be managed by an on-site community manager who’ll be available to assist tenants
- All tenants will be able to connect with Peabody’s Economic Inclusion Team
- All tenants will have access to the Enterprise Hub - a co-working space with rentable fixed desks, meeting spaces, a podcast studio and an event space
- There’ll be regular opportunities to attend events and networking sessions.
About the surrounding area
New Mansion Square is a key part of the Battersea Power Station masterplan.
As part of it, we’re building 386 affordable homes, of which many are for couples and families.
The wider development includes a new NHS Health Centre and an exciting cultural offer currently being selected by Wandsworth Council and Peabody.
The neighbouring BMW Booker site redevelopment includes plans for cafes and restaurants, as well as more cultural spaces. On the other side of Battersea Park Road is the Battersea Power Station development, which has over 250 shops and a public park on the Thames.
The area is fast becoming known as an emerging creative and tech location. Apple’s London campus has moved into Battersea Power Station, alongside world-renowned institutions, including the Royal College of Art, Foster & Partners and Vivienne Westwood. Publishers Penguin Random House UK and Dorling Kindersley are also based nearby in Embassy Gardens.
Wandsworth Council are also implementing proposals for the Battersea Design Quarter, which will include the development of more sites with affordable space nearby.
Business support and the community manager
Our workspace will be managed by the on-site community manager who’ll be available to help tenants. For the first three years of the project, they’ll be available during business hours and will be based in the centrally located Enterprise Hub co-working space.
The community manager will direct tenants to opportunities and shared resources to develop their business and help them make connections with other tenants. They’ll also manage the Enterprise Hub’s bookable spaces, including the podcast studio and meeting spaces.
Table of units available
Block A1
| Unit | Size sq metre | Size sq ft | Rent per month | Other costs |
| Unit 1 - 2 | 125 | 1,345 | £3,026 | Utilities, internet, business rates if applicable |
| Unit 3 | 45 | 484 | £1,089 | Utilities, internet, business rates if applicable |
| Unit 4 | 36 | 387 | £870 | Utilities, internet, business rates if applicable |
| Unit 5 | 40 | 430 | £967 | Utilities, internet, business rates if applicable |
| Unit 6 | 45 | 484 | £1,089 | Utilities, internet, business rates if applicable |
| Unit 7 | 49 | 527 | £1,185 | Utilities, internet, business rates if applicable |
| Unit 8 | 40 | 431 | £969 | Utilities, internet, business rates if applicable |
| Unit 9 | 32 | 344 | £774 | Utilities, internet, business rates if applicable |
| Unit 10 | 46 | 494 | £1,111 | Utilities, internet, business rates if applicable |
| Unit 12 | 59 | 634 | £1,426 | Utilities, internet, business rates if applicable |
| Unit 14 | 57 | 614 | £1,381 | Utilities, internet, business rates if applicable |
| Unit 15 (Enterprise Hub) | 10 fixed desks | 10 fixed desks | £150 per month per desk |
Utilities, internet, business rates if applicable |
Block A3
| Unit | Size sq metre | Size sq ft | Rent per month | Other costs |
| Unit 16 (potential cafe) | 32 | 344 | £774 | Utilities, internet, business rates if applicable |
Enterprise Hub
Supported by Stride and Wandsworth Council, the Enterprise Hub is an important part of our workspace. The 1,108 sq ft (103 sq metre) co-working hub includes rentable fixed desks, meeting spaces, a podcast studio and an event space. Like the workspace units there’ll also be an opportunity for anyone working within the hub to display and sell their work.
The community manager will be available during business hours.
All workspace tenants will be able to use the hub. We will also arrange events and networking opportunities.
Early-stage local businesses or sole traders will be able to book desks by the month or week.
Cafe
We are interested in hearing from local cafe operators who want to be an anchor for the creative workspace community.
Located opposite the enterprise hub is a 32 sqm unit at the entry from Sleaford Street. With 386 new homes on site, the NHS moving in, 12 workspace units, a cultural hub and no other cafes nearby, this offers a great location to start or expand your coffee business.
Seating and tables can be located outside in a landscaped square. This will increase the area available for customers.
Rents and costs to tenants
It’s important that interested tenants understand all the costs involved in leasing a Peabody workspace before applying for space.
As part of the interview process, applicants will be able to ask questions to ensure they fully understand the costs and their responsibilities as a tenant.
- Deposit: Equal to one month rent and to be paid prior to entering the space.
- Inclusive rent: The rent is outlined in the table above and payable monthly via direct debit. Building insurance, service charge and an estate management charge are included in the rent.
- Utilities: All units will have access to the communal heating system and will be required to secure a contract with the relevant heating provider. More information on this will be available at the interview if required. Tenants will also need to sign up for electricity and each unit will be individually metered
- Internet: Fibre internet will be available. Tenants will be able to secure a contract with a suitable internet provider
- Business rates: The units haven’t yet been rated by the valuation office but we have advice from a ratings specialist surveyor that the valuation is expected to be around £275 per sqm (The payable rate is calculated by applying the business rates multiplier to this valuation figure and further information is available on gov.uk/calculate-your-business-rates).
How to apply for space and next steps
This is the second round of expression of interest. The first round has been open to local residents since June 2023. If you submitted an application and haven’t received a response, please contact us as soon as possible.
For the second round of applications priority will be given to businesses:
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That are already located in South London boroughs
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That are working in design, making, fashion manufacturing, tech or other creative industries
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With founders and owners who are underrepresented in the business community. We encourage interest from minority ethnic owners
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That are at an early stage, are committed to creating employment for local people or have a purpose to deliver social value or public benefit
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That are able to demonstrate how they will use the multi-use function of the workspace unit in a way that showcases their activities to passers-by on the square. This could include anything from allowing people to watch them work, displaying products they’ve made or hosting an event which is open to the public
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For unit 16 and the suggested site for a cafe, priority will be given to an individual or business with cafe or hospitality experience. A bespoke vision for how the cafe will align its design and operation with the creative industry workspace is also desirable.
The deadline for applications is 18 October 2024.
Open day
An open day is planned for September (date to be confirmed) where you'll be able to visit the site.
The application process
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Expression of Interest: Second round - now open
Second round Expression of Interest (EoI) for remaining units offered to businesses with a connection to surrounding boroughs. Spaces are limited.
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Interview
1. Interview to better understand needs and assess suitability
for space.2. Assessment of business support needs and options available.
3. Site visit and meet the community connector.
4. Answer any questions about workspace units and process.
5. Explain lease agreement and standard terms.
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Pay deposit and sign lease
1. Selected applicants to sign template lease agreement.
2. Deposit to be paid to Peabody to secure space.
Application form
If you're interested in renting a workspace or simply want to find out more, please fill out the form below.
We'll be in touch to arrange a short interview and discuss your requirements.
Contact us
If you have any questions, please contact us.