Description of Bankside Yards
Bankside Yards is a 1.4 million sq ft residential, office and retail development at the site of the Ludgate House and Sampson House in London SE1.
A planning consent for the redevelopment of the 5.3-acre site, designed by PLP Architecture, was secured by Carlyle Group in March 2014 and comprises permission for 489 apartments and 288,000 sq ft of offices, as well as retail, leisure and cultural facilities. When completed, the project will comprise five residential buildings and four office buildings.
The development will rise from 13 to 49 storeys and will create new routes reconnecting the eastern and western sides of a railway viaduct where the existing buildings have formed an impermeable barrier through the site since the 1970s.
The planning consent also ensures a payment in lieu of affordable housing of £65 million payable to Southwark Council.
The developer is an international consortium comprising Native Land, Temasek, HPL and Amcorp Properties.
The consortium has acquired Sampson House and Ludgate House with an existing planning consent obtained by previous owner The Carlyle Group.
Native Land is appointed as development manager to the consortium also comprising Singapore's Temasek and Hotel Properties Limited (HPL) and Malaysia's Amcorp Properties.
Native Land intends to deliver the project in a series of phases, with the first phase including a 49-storey tower comprising 211 apartments fronting the River Thames. The subsequent phase will deliver a Grade A office building, with later phases including the redevelopment of Sampson House, which is currently leased to IBM until 2025 but with a mutual break option in June 2018.
The development's three tallest towers are designed by PLP as a “family of forms”, with masonry of a warm colour borrowed from adjacent existing buildings and ensuring that the development relates to its surroundings and the river Thames.
The overall site has been identified as an 'opportunity area' in the Mayor of London's London Plan, and is immediately adjacent to Blackfriars Station's southern entrance. It also benefits from excellent links to the City of London, the West End, Canary Wharf and the capital's international transport destinations.
2016 October - Initial demolition works commenced on select areas of Ludgate house in October 2016. Specialist contractor, McGee undertook the works on the western edge of the site, on Blackfriars Road.