The redevelopment of the iconic 76 Southbank, formerly known as the IBM Building, has commenced, promising to deliver a state-of-the-art office space that harmoniously marries the best of modern innovation with sustainability and wellness.

The Grade II listed building at 76 Upper Ground is to be remodelled and rejuvenated to the design of AHMM architects, who have preserved a substantial 80% of the existing structure. The 18-month construction is being led by Multiplex. 

Developer Stanhope has committed to making the building a paragon of green construction and low-carbon design. This will be achieved through innovative energy solutions, conscientious procurement of reused steel, and a circular economy approach that makes a feature of off-site fabrication of key building elements to minimise waste. An ambitious BREEAM Outstanding certification is in sight, and the development proudly displays a NABERS Design Reviewed Target Rating of 5 stars.

Stanhope recognises that an office space needs to be more than just a place to work - it needs to be a place that nurtures its occupants. Future tenants can look forward to flexible, carefully curated office spaces, 300,000 sq ft in total, that are designed to foster collaboration and productivity. Occupants can enjoy 50,000 sq ft of outdoor terraces, complete with unrivalled views of the river, all brought together with biophilic landscaping to keep the connection with nature thriving in an urban jungle.

76 Southbank will create 1,200 additional jobs, contributing considerably to the local economy and beyond.

The substantial financial backing comes courtesy of Cheyne Capital Real Estate, whilst global real estate giants CBRE and JLL have been enlisted as agents for the project. The completion date is set for Q4 2024.

Nick Jarman, Project Director at Stanhope said:

“This project represents a significant milestone in our commitment to transforming historic buildings into vibrant, sustainable spaces that promote innovation and wellbeing. With the expertise of Multiplex and our shared vision, we are confident that 76 Southbank will become a premier office destination, showcasing the perfect blend of heritage and contemporary design."

Matt Price, Project Director at Multiplex said:

“We are extremely proud to be partnering with Stanhope to deliver the extension and refurbishment of this iconic project on London’s Southbank. Having worked closely with the development team throughout the pre-construction and demolition stages of the project, we’ve now taken over management of the site, marking a significant milestone in the construction journey, ahead of the existing structure going back up and superstructure works commencing.”

Filippo Alessandria at Cheyne Capital Real Estate concluded:

“This is a landmark project and a rare opportunity to redevelop such a historic building in Central London. We were impressed by the project team’s emphasis on sustainability and are proud to help deliver this high quality, BREEAM Outstanding office in the heart of Southbank.“ 

Register your interest now on the official site through a link on 76 Southbank development profile.