View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
November 7, 2011

Carlyle to build £2bn mixed-use property in London

US-based private equity company Carlyle is planning to invest £2bn in a mixed-use building project next to the Tate Modern art gallery on the south bank of London's River Thames.

US-based private equity company Carlyle is planning to invest £2bn in a mixed-use building project next to the Tate Modern art gallery on the south bank of London’s River Thames.

The designs have been developed by PLP Architects and include about 300,000ft2 of offices, 200,000ft2 of shops and more than 1,000 flats in blocks of 30 storeys.

The company will submit plans for the 1.5 million-square-foot project to Southwark Council within the next six months.

The company bought six properties out of administration in July 2010 for £670m, out of which it plans to knock down two on the south bank of the River Thames as part of the project.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Design Build Network