Minerva House

South Bank SE1
E
Mixed use development

Key Details

Address
5 Montague Close, London SE1 9BB
Local Area
South Bank
Local Authority
Southwark
County
Greater London
Country
England
Completion
2027
Size
143100 sq ft
Flats
34
Use Classes
E
Website

Overview

Minerva House is a redevelopment of an office building by GPE on the banks of the River Thames in South Bank, London SE1.

GPE is refurbishing the building to deliver 143,100 sq ft of Grade A office space. The scheme will take full advantage of the building’s river frontage and, by adding additional storeys, outdoor terraces with amazing views and amenity space will be created.

The refurbishment will also improve the public realm around the building, creating new and improved connections through the site as well as attractive new gardens that will contribute to local greening and biodiversity and provide space for people to enjoy in the setting of Southwark Cathedral.

The plans propose to retain and reuse the majority of the existing building’s structure, including two primary façades, contributing to the building’s market-leading sustainability credentials. The scheme is anticipated to complete in December 2026, and deliver a profit to GPE on cost of 19.1%, an ungeared IRR of 11.7% and a 7.0% development yield.

The original Grindlays Bank building completed in 1983 was designed by Twigg, Brown & Partners.

See our full photo gallery starting from March 2012.

References:
1. Wikipedia - Minerva House en.wikipedia.org

#BuildingMomentum Minerva House is on its way up in The Buildington 100: Most Popular London’s New Developments 2024. Find out more about what you can do to help here and see how well the development is doing right now on Trends.

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Site & Location

The building is located on the South Bank of the River Thames adjacent to Southwark Cathedral and in the immediate environs of the vibrant Borough market. The nearest tube station is London Bridge.

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Timeline

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Disclaimer

Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.