Oval Village wins prestigious Development of the Year Award at RESI 2026

Property Week hosted the 2026 edition of its annual RESI Awards to recognise excellence, innovation and leadership across the residential property sector in the UK. Berkeley Group’s Oval Village stood out for its design features and high-quality finishes in the Large Development of the Year category for over 350 units. Berkeley Group also won the Large Developer of the Year award for delivering more than 2,000 new homes across its private for-sale and build-to-rent (BTR) sectors.

Why Oval Village won Development of the Year

Located in Kennington, Oval Village is set across an eight-acre regeneration site adjacent to the iconic Oval Cricket Ground. The judging panel for this category were impressed by the development’s excellent design, world-class amenities, strategic location and quality of homes. Once home to industrial-era gashouses, Berkeley has transformed the site into a thriving residential neighbourhood.

By delivering over 1,300 new homes and 170,000 sq ft of commercial space, the development is also a shining example of how a derelict yet historically significant Grade II-listed site can be transformed. The exclusive residents’ club at the development is named after the gasholder itself, which was installed in 1847. At the 1847 club, residents enjoy a suite of lifestyle amenities, including a gym, swimming pool, spa, cinema, residents’ lounge, meeting rooms and a 24-hour concierge.

The panel also appreciated how historical architecture is preserved and seamlessly blended with modern infrastructure to create a residential neighbourhood in a sought after part of London.

Why Oval Village stands out in London’s property market

Abundant green open spaces

In addition to 2.5 acres of landscaped communal gardens and public spaces, residents also enjoy access to nearly 64 acres of green space, including nine parks, commons and gardens within a 15-minute walk. The award-winning Kennington Park is just next door with open lawns, a beautiful flower garden and leisure facilities.

Proximity to top universities

As a Zone 1 development, residents of Oval Village are close to some of the capital’s top universities. The UAL college campuses are within a 2km radius, while King’s College, LSE, UCL and ICL are within a 15 to 20-minute Tube ride.

Transport and connectivity

With three Zone 1 stations within a 10-minute walk, residents can reach popular areas such as Waterloo, London Bridge and Oxford Circus in less than 10 minutes. Vauxhall Station offers services via the Victoria Line and National Rail, while Kennington Station connects to the Northern Line.

Unmatched shopping and entertainment

World-class shopping and entertainment venues such as Harrods, Covent Garden and Bond Street are a short drive away, while the Southbank Centre and the British Museum are within cycling distance. The upgraded Battersea Power Station is another vibrant destination with over 140 shops, bars and restaurants just a few minutes away.

Attractive investment potential

As one of London’s landmark regeneration projects, both available phases at Oval Village, including The Halo and The Pinnacle, are a hotspot for investment. According to Rightmove, prices at Kennington Oval are up 32% YoY, while PriceHubble reports 34% rental growth over the last two years.

Make your next investment an award-winning one

Berkeley Group’s success at the RESI Awards 2026 is a testament to its placemaking skills and superior build quality. Be it proximity to central London, a diverse range of homes, quick Tube and Overground connectivity, or even watching a cricket match from home, it’s all possible at The Oval. With homes ranging from stylish Manhattan’s to three-bed apartments and penthouses, homebuyers and investors also have a range of options to choose from.

As one of Berkeley Group’s trusted Premier Club Agents, Benham and Reeves brings exclusive opportunities across many of the developer’s top projects across London. If you are looking to buy or let your property at Oval Village or need a one-stop property management service for your London home, get in touch with us today.