Native Land commits to £1bn London Bankside scheme

Aaron Morby 5 years ago
Share

Developer Native Land has committed to the first speculative office building at its £1bn Bankside Yards mixed-use development next to Blackfriars Bridge in London.

The Bankside Yards project, near the Tate Modern gallery, has planning consent for 1.4 million sq ft of mixed-use development
The Bankside Yards project, near the Tate Modern gallery, has planning consent for 1.4 million sq ft of mixed-use development

Demolition and foundations specialist McGee has bagged the contract for the Western Yards basement and concrete core for the initial 230,000 sq ft offices project, known as the Arbor.

Tendering for main contractor is now underway with an award targeted before the end of the year. Mace, Multiplex and Balfour Beatty are among those chasing the job.

Designed by architect PLP, Arbor will boast a triple-height reception and a 6m high collaborative space with a tiered town hall-style forum

The centrepiece of Bankside Yards will be the restoration of 14 historic railway arches set in three acres of newly-created open space.

Native Land and its consortium partners Temasek, HPL and Amcorp Properties have now fully funded the Western Yards first phase, which also includes a residential block of 240 luxury flats with views across the capital.

Western Yards will also create 50,000 sq ft of independent retail, restaurant and cultural space in the restored railway arches.

More than half of the wider 5.5-acre Bankside Yards site will be walkable open space, with extensive greenspace and a sweeping stairway down to the Thames.

When complete the scheme located near the Tate Modern gallery will consist of around 600 homes.

The developer will make a financial contribution of at least £65m to Southwark Council to deliver new affordable housing across the borough.

The overall development will create an estimated 3,600 jobs in the retail, commercial and construction sectors, while providing training and apprenticeships for local job seekers.

Alasdair Nicholls, chief executive of Native Land, said: “We are opening up an important piece of London with amazing transport connections and, as locally-based developers, we are keen to contribute to the rich mix of the area by creating a place that’s accessible, enjoyable and productive.’

Native Land is developing a cultural strategy for Bankside Yards, which will integrate the development’s 20,000 sq ft of new cultural spaces with the wider South Bank and Bankside creative and arts scene.

The second phase of the development, known as Eastern Yards, will include a premier hotel and on-site affordable and private homes.

Bankside Yards is master-planned by PLP Architecture with Gillespies as the landscape architects.

Latest news

Geoffrey Osborne files administration notice

Contractor in talks to save parts of the business
1 day ago

RG Group signs £121m Newcastle rental homes job

Developer Olympian Homes advances 519 flats plan at Pottery Lane site
1 day ago

Winners named for £260m Manchester Uni framework

B&K, Henry Bros, Graham, Robertson and Vinci among new line-up
1 day ago

Shed specialist Benniman rides out market lull

Worcestershire warehouse builder says industrial and logistics work is picking up again
1 day ago

Another contractor cleared after high profile immigration raid

Adana Construction employees were working legally on site swooped on by Home Office
1 day ago

McAleer & Rushe wants to meet new London suppliers

Contractor holding Meet the Buyer event in London: Register now
1 day ago

McAlpine signs £500m Broadgate dual towers deal

Work to start on iconic 36-storey and 21-storey towers
2 days ago

Worker rescued from collapsed four metre deep trench

Fire crews take six hours to save trapped builder near Blackwall Tunnel
2 days ago

Gove puts another major building scheme on hold

Secretary of State starts another planning fight after M&S defeat
3 days ago

Greenwich University tenders £300m framework

Up to five firms will carry out upgrade and newbuild work at three campuses
2 days ago

Work starts on Manchester 26-storey Obsidian tower

Contractor Domis starts Salboy's 10th Manchester scheme in seven years
2 days ago

Race for £1.3bn West Midlands social homes framework

The Community Housing Group reboots tender race for new build housing
2 days ago

Delancey submits £400m King’s Cross lab plans

200,000 sq ft lab/office project will be built above railway and tube tunnels just 4.5m below
3 days ago

Winners revealed for £150m fire safety framework

New deal will help organisations comply with the Building Safety Act
2 days ago

Sellar plans £500m City tower next to Walkie-Talkie

Consultation starts on London 60 Gracechurch Street tower
3 days ago

Severfield ends year on high with record order book

Orders top £500m with strong future pipeline of opportunities ahead
3 days ago

Second senior director exits National Highways

Commercial director Malcolm Dare set to move on to new role
3 days ago

New scheme fuels London lab building boom

Plans in for 160,000 sq ft Whitechapel scheme near Royal London hospital
3 days ago

Contract race starts for next £155m section of A9 dualling

Prior Information Notice published for Tay Crossing to Ballinluig stretch
4 days ago

£55m Sheffield build-to-rent scheme approved

Demolition to start later this year for 158-flat Sheffield Garden project
4 days ago

London back as most expensive place to build in world

Capital leapfrogs Geneva to top costliest construction rankings
4 days ago

Gas supplier Regent to buy TClarke for £90m

£491m turnover listed building services specialist to be sold
4 days ago

Steel contractor Billington launches into bridge market

Steelwork firm hires staff from failed architectural and bridge specialist SH Structures
4 days ago

McGee employees benefit from rise in profits

Pre-tax profit doubles boosting payouts for Employee Ownership Trust
4 days ago

Lendlease veteran is latest new McAlpine director

Paul Sims joins as Operations Director after 40 years at rival contractor
5 days ago

Costain signs site labour supply deal with four firms

Contractor to use only a quartet of providers for temporary labour supply
4 days ago

BAM go-ahead for Leeds 200,000 sq ft office

Latitude Yellow will complete final plot at Doncaster Monk Bridge site
5 days ago

VolkerFitzpatrick wins £30m logistics job

Latest deal to build five distribution units for Prologis UK
5 days ago

Trio win new Scape utilities consultancy framework

Perfect Circle, AtkinsRéalis and Arcadis win places on
4 days ago

Precast firm FP McCann cleared after immigration raid

Home Office takes no action after public raid on construction site
5 days ago

Contractor services