Carillion plc started work on the high-profile ‘Project Bankside’ luxury residential development adjacent to Tate Modern this week, in the first phase of a £130 million construction programme set to transform the local area on completion in 2012. Work starts on site as a direct result of strong off-plan sales achieved during the last quarter of 2008.
Joint venture partners Native Land and Grosvenor have signed a construction cont ract with Carillion who will deliver the project.
The development, located on the South Bank in Southwark, SE1, and overlooking the River Thames and St Paul’s Cathedral, is one of the most strongly anticipated residential schemes in the capital. ‘Project Bankside’ is one of just two current luxury residential schemes in London designed by globally-renowned architectural practice Rogers Stirk Harbour + Partners.
The start on site co-insides with the unveiling of revised plans for the Herzog & de Meuron designed ‘TM2′ extension to Tate Modern due for completion in 2012 – further evidence of a regeneration surge in this emerging prime London locale.
Alasdair Nicholls, Chief Executive of Native Land comments: “We’re delighted to have secured a contract with Carillion so work can start on what will undoubtedly be a stunning new development for London’s South Bank. This is an exceptional project in a growing quarter of London that is already hugely sought after. Our strong off-plan sales to date are testament to ‘Project Bankside’s’ desirability. We look forward to working alongside Carillion, and the rest of what is a world class project team to deliver this exciting scheme.”
Peter Vernon, Grosvenor Britain & Ireland Chief Executive added: “Project Bankside is Grosvenor’s first residential project in London outside Mayfair and Belgravia. Its location in the emerging South Bank area plays to Grosvenor’s expertise in urban regeneration built up through over 300 years of place making development in city centre environments.”
Developer Native Land and its joint venture partner Grosvenor will continue with an appointed design team which, in addition to the architect, include E C Harris as project managers, Waterman Structures, services engineer Hoare Lea, cost consultant WT Partnership and sales agent Knight Frank.
Carillion has also appointed its own design team lead by John Robertson Architects as production architect. The main sub-contractors include Schneider GB Ltd who will carry out the design, manufacture and installation of bespoke cladding and glazing; Watsons Ltd will take on the design, fabrication and installation of structural steelwork; Euro Earthworks Ltd is carrying out bulk excavation and ground works; Cementation Ltd will carry out piling; Getjar Ltd will create the reinforced concrete (RC) basement structure and the RC frames of the main buildings; and Interserve Ltd will install and commission the building services.
Carillion Chief Executive John McDonough said: “We are delighted to have been awarded this contract and look forward to working with Native Land and Grosvenor, with whom we have a long-standing relationship, to deliver this prestigious urban regeneration scheme”.