UK-based developer Native Land has secured planning approval from the Southwark Council in England for the second phase of £1bn Bankside Yards mixed-use development.
Located adjacent to the River Thames in the London Borough of Southwark, the 1.4 million ft² mixed-use development will reconnect the space between the Tate Modern and major London transport hub Blackfriars Station.
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Native Land is developing the mixed-use scheme in consortium with Amcorp Properties and Singapore-based developers Hotel Properties and Temasek.
PLP Architecture provided the masterplan for the entire scheme, which is being developed in phases. The first phase of the scheme, named Western Yards, will deliver a 21,360m² headquarters-style office building.
The Western Yards will also comprise a 230-home apartment building and 4,600m² of independent retail, restaurant and cultural space.
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Construction is currently underway on Western Yards with planned completion in 2023.
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By GlobalDataThe second phase of the scheme, named Eastern Yards, will feature five towers housing 341 residential units, with 37 affordable homes, a luxury hotel and office and cultural amenities, along with a series of public spaces.
The mixed-use scheme will feature nine buildings across the current Sampson & Ludgate sites, ranging from seven to 50-storey towers.
It will also comprise more than 500 new homes as well as office, cultural, leisure and retail spaces, all housed around a landscaped public realm, with new pedestrian connections to the River Thames.
Earlier, Native Land has selected MSMR Architects as the interior architect for the tallest of the nine towers. The residential building at the centre of the cluster features 240 apartments and associated residents’ amenity spaces.
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Illustration of the Bankside Yards development. (Credit: PLP Architecture International Ltd)
