Two commercial buildings within the Southbank Place regeneration scheme.
We were appointed to provide due diligence and project monitoring services on behalf of the funder and investor on two new office blocks, totalling 800,000 square feet located adjacent to Waterloo station.
The buildings form part of the scheme surrounding the prominent Shell Centre on London’s Southbank.
Known as Southbank Place, the full scheme will see most of the site’s existing structures demolished to make way for eight new buildings centred around the existing 1960s Shell Centre Tower.
The development by Braeburn Estates, a joint venture between Canary Wharf Group and Qatari Diar, will provide more than 800 homes, around 530,000 square feet of office space and 48,000 square feet of retail units, restaurants and cafes.
The first commercial building, One Southbank Place, will provide 272,450 square feet of additional office and trading floors for Shell, plus retail accommodation at ground floor level.
Two Southbank Place will provide 299,877 square feet of net lettable area over 16 floors of office accommodation, plus retail space on the ground floor. The existing Shell Centre Tower and the two new office buildings will be connected via a covered pedestrian walkway.
Designed to meet the requirements of BCO Specifications 2014, both buildings have been pre-let well in advance of their scheduled completion in 2018. One Southbank Place has been pre-let to Shell, whilst the second building has been pre-let to WeWork.