Canary Wharf Group, working with joint venture partner Qatari Diar, is set to commence the transformation of the Shell Centre later this year, another of London’s prestigious waterfront sites on the South Bank.
This follows a High Court decision last month to dismiss a challenge to the Secretary of State’s decision to approve plans for the redevelopment of the Shell Centre.
Southbank Place will be an important catalyst for the regeneration of Waterloo, creating thousands of jobs and hundreds of homes, which in turn will benefit London and the UK. The 27-storey Shell Centre Tower will remain the centrepiece of the new 1.47 million sq ft mixed use site and will continue to be owned and occupied by Shell. It will be complemented by eight new buildings comprising 1.4 million sq ft of mixed use office, retail and residential space, and a further 500,000 sq ft of new office space in two new buildings. The site has been master planned by Squire and Partners and phased construction of this highly sustainable development is expected to commence later in 2015.
Source: Canary Wharf