Marks & Spencer, Gail’s Bakery, Knight Frank and Boots are the first retail tenants at the iconic Southbank Place development, reports Canary Wharf Group.
Over 18,800 sq. ft. of retail space to be occupied by the four major brands.
The 5.25 acre mixed-use site that surrounds the Shell building will in total provide 48,000 sq. ft. of shops, restaurants and bars, plus 530,000 sq. ft. of office space once complete.
Upon completion of the development Marks & Spencer will open a larger format, 10,000 sq. ft. food store providing a full and wide-ranging offering of fresh produce and high-quality groceries.
Marks & Spencer will be complemented by artisan baker, Gail’s Bakery launching a 1,185 sq. ft. outlet, bringing an award-winning range of freshly-baked breads, pastries and cakes, as well as a full-service café. Boots will occupy a unit of almost 5,000 sq ft., while Knight Frank will open its flagship office at Southbank Place, taking a 2,410 sq. ft. unit.
Visited by over 22 million people each year, the South Bank is one of London’s most popular tourist destinations, with Southbank Place set to become the jewel in the crown of the area. The development, which features seven beautifully designed buildings, will include a prominent piazza and collection of public squares providing the perfect destination to live, work and relax.
Stuart Fyfe, Head of Retail Leasing at Canary Wharf Group, commented: “There has been a lot of interest in the retail and commercial space at Southbank Place and we couldn’t be happier to be unveiling this exciting collection of new tenants so early into the construction process. The new retail outlets are the perfect fit for what we’re looking to deliver, offering fantastic onsite amenities for the thousands of people that will live, work and visit in the years to come.”
Commenting on the announcement, Richard Oakes, Sales & Marketing Director, Europe, Qatari Diar Real Estate Investment Company, said: “To be able to welcome some of the best-known names in retail to Southbank Place, two years before completion, is testament to the attractiveness and prominence of the development. Situated between the South Bank and Waterloo, Southbank Place will become a destination in itself with residents and visitors providing incredible foot flow across the site.”
Harry Chichester, Asset Director, Almacantar, said: “The South Bank is already London’s leading cultural destination and these lettings will further cement Southbank Place as an impeccable area to live, work and enjoy. Along with Shell and WeWork, we look forward to welcoming the tenants to One and Two Southbank Place next year.”
The announcement of the new retail occupants at Southbank Place follows the recent deal by Almacantar to let over 280,000 sq. ft. of office space at Two Southbank Place to WeWork, the innovative shared workspace provider.
Developed by Braeburn Estates, a joint venture between Canary Wharf Group plc and Qatari Diar Real Estate Investment Company, the site will in total provide 48,000 sq. ft. of shops, restaurants and bars, plus 530,000 sq. ft. of office space, and a direct entrance to London Waterloo Station. Almacantar will be the landlord of One and Two Southbank Place.
The mixed use scheme is a major source of job creation, presenting new opportunities for employment both during construction and in the long-term. Once completed the development is expected to provide over 6,000 jobs, while the construction project will continue over the next two years and is anticipated to have supported over 13,000 construction and supply chain jobs over the lifetime of the build process.
Currently in its third phase, Southbank Place’s latest residential offering is Belvedere Gardens, a collection of 97 apartments arranged across conjoined 10 and 20 storey buildings. These design-driven apartments will vary in price and size, with all one-bedroom apartments sold, two-bedroom apartments start from £2.145 million.
Purchasers at Southbank Place will benefit from the highest quality of living, with access to over 18,000 sq. ft. of residents-only amenities floor, which will include his and hers steam and sauna rooms, a gymnasium, a 25-metre swimming pool, treatment rooms, wet room and gym classes. Residents will also be able to make use of an outdoor terrace and residents’ lounge, ideal for social gatherings and business meetings alike.
For more information on Southbank Place or to book an appointment in the marketing suite visit www.southbank-place.com.