UK-based property developer Canary Wharf and Qatari Diar have unveiled their proposed plans to redevelop the Shell Centre site on London’s South Bank.
As per the plans, existing buildings around the 27-storey Shell Centre Tower will be demolished to make way for eight new buildings offering a mix of offices, retail space and 790 new homes.
New pedestrian routes will be created to link nearby Waterloo station with the South Bank of the River Thames.
Plans also include a widened Chicheley Street to open up the approach to the London Eye, and new open space in the form of a city square.
The Shell Centre Tower will be occupied by Shell UK, which is taking an additional 245,000ft² of space.
Out of the eight new buildings, one building will feature new offices and trading floors for Shell.
Shell UK chairman Graham van’t Hoff said that the construction will allow the company to bring its London-based staff back to one location.
"Shell Centre is our long-term home in London, and we’re confident that Canary Wharf Group and Qatari Diar will deliver a project that will benefit both London and the local community."
"It will create prime office and residential space, as well as attracting more people to the South Bank with new shops and restaurants," van’t Hoff said.
Designed by the UK-based architecture firm Squire & Partners, the scheme will feature about 800,000ft² of office space, around 80,000ft² new retail units, restaurants and cafes, as well as 800,000ft² of residential space.
Sustainable features of the development include an energy centre to reduce the carbon footprint of the site.
Canary Wharf said that the system will be designed to interconnect with a district heating network being explored for the wider South Bank area.
Developers will submit the plans to Lambeth Council in the UK and the development is expected to complete in 2019.
Image: The Shell Centre site will feature eight new buildings and 790 new homes. Photo: Canary Wharf Group.