Planning approval has been given for an expansive mixed-use project on London's South Bank by the Borough of Lambeth. Designed by Squire and Partners for Canary Wharf Group and Qatari Diar, the project totals 1.45 million sq ft and incorporates new offices for Shell, several hundred homes (including affordable units) and retail facilities. Public areas are also included in the plans.
The Shell Centre Tower - a 27-storey tower completed in 1961 - will remain at the centre of the development with 8 new buildings constructed nearby. Once complete in 2019, the scheme will encompass 800,000 sq ft of office space, 80,000 sq ft of retail, restaurants and cafes, and 800,000 sq ft of residential space with up to 877 new homes.
Sir George Iacobescu, Chairman and Chief Executive, Canary Wharf Group, said: “We are delighted that Lambeth Council has approved these plans for us to work on such an important and historical site. We will continue to work with the London Borough of Lambeth and the local community as we move to the next phase of planning and development to ensure that all involved in the area get the best possible opportunities from this new development.”