British construction company McAleer & Rushe has begun work on the £138m Southbank Place Building 5 development in London.
Building 5 is the final phase of the Southbank Place development and Shell Tower Masterplan at London’s South Bank. It is located just 100m from the city’s landmark, the London Eye.
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Braeburn Estates, a joint venture between Qatari Diar Europe and Canary Wharf Group, is executing the master plan, which is a mixed-use development located inside the South Bank Conservation Area.
The 13-storey building on Belvedere Road will feature 92 apartment units and an additional 18,600ft² of retail space that is expected to bolster the area’s well-established public and retail offerings.
McAleer & Rushe senior director Jonathan O’Neill said: “We are thrilled to have been entrusted with the delivery of the final development phase of Southbank Place, a standout riverside development overlooking Central London, Big Ben, and [the] Houses of Parliament, making it one of the most desirable prime residential schemes in the city.
“The project demands a top level of expertise and experience with detailed high-specification schemes, which is an excellent fit for our long-standing reputation in the hotel and residential sectors and further reinforces our position as one of the leading construction partners for significant schemes in London.
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By GlobalData“We look forward to working closely with Qatari Diar and Canary Wharf Group to bring forward the final piece to their visionary development.”
