Real estate investment, development and property manger Hines, in partnership with Lipton Rogers Developments, has submitted a £1bn planning application for a mixed-use development scheme on the South Bank in London.
Plans for the two-acre project, on 18 Blackfriars Road, include the delivery of 400 new homes across two residential towers, 40% of which are set to be affordable. The scheme will also see the construction of a new office building, which will include 20,000 sq ft of affordable workspace.
The proposals for the project advance an existing consent on site for the two residential towers, the tallest of which will stand at 184.2m, with the office building set to reach 199.28m. The three towers will be spread across 22, 40 and 45 storeys respectively.
The scheme has been designed by architects firm Foster + Partners and features plans for a new public space with amenities including retail, food and educational. At ground level, the public space will see the construction of three interconnected spaces: the Rotunda, Hatters Yard and a new playground.
Situated in close proximity to the River Thames, the development will be targeting a 20% to 30% improvement against the Greater London Authority benchmark to minimise the use of embodied carbon. The project will attempt to avoid onsite emissions using an all-electric strategy with ground and air source heating and cooling.
Ross Blair, senior managing director and country head of Hines UK, said: “We’ve been working hard with our architects, the local community and other key stakeholders to bring this land, which has been undeveloped for 20 years, back to life.
“Occupiers are demanding more from their spaces to attract and retain the best people. The lines have blurred between workspace, wellness and leisure, and our design truly responds to these needs. The significant investment we are planning underlines our firm belief in London and its enduring appeal as a global centre for business.
“We believe that our proposals for 18 Blackfriars Road will add significant value to the already established growth story of the South Bank and Bankside neighbourhoods, and as a long-term owner and operator we are deeply invested in the future success of the site and the benefits it will bring to the Southwark community.”
No comments yet