Alternative asset manager Carlyle has received the go-ahead from Southwark Council for a 130,000 m2 residential and office regeneration project on the south bank of the River Thames across from the City of London.
Alternative asset manager Carlyle has received the go-ahead from Southwark Council for a 130,000 m2 residential and office regeneration project on the south bank of the River Thames across from the City of London.
The regeneration project will create a destination neighbourhood combining housing, offices, public spaces and retail and cultural space.
The new development will replace the Sampson House data-centre and Ludgate House office building currently on the site. It will comprise nine new buildings, the tallest of which will be a 48-story residential tower.
The project will be delivered in multiple phases following the lease expiries of the current tenants at Ludgate House in Q1 2015, and Sampson House in Q2 2018. Construction is expected to be completed between mid-2020 and early 2023.
Commenting on the scheme, Mark Harris, managing director at The Carlyle Group, said: ‘This is a once-in-a-generation opportunity to create a vibrant new destination area, with homes, retail and leisure facilities which brings thousands of new jobs to the area, while at the same time allowing us to make a significant contribution to Southwark’s wider housing requirements.’
