The London Borough of Lambeth has approved a plan for the £300m Shell Centre redevelopment on London’s South Bank.
Shell Centre redevelopment will create a 1.45 million ft² mixed-use scheme, which was proposed by Braeburn Estates, a joint venture between Canary Wharf Group and Qatari Diar.
The project will transform the office site, which was developed in the 1960s, and provide new offices for Shell and other corporate houses. It will also create hundreds of new homes and retail outlets.
The existing 27-storey tower will remain at the site and mixed-use schemes like offices, homes and retail space will be built around Shell Centre Tower.
As part of the plan, eight new buildings will be built, ranging frmo five to 37 floors.
One of eight buildings will have 245,000ft² of space to be used by Shell as offices and trading floors, while the existing building will continue to be owned by the company.
The scheme will create 800,000ft² of office space including the Shell Centre Tower, 80,000ft² retail units, restaurants and cafés, and around 800,000ft² of residential space comprising 877 new homes.
Canary Wharf Group chairman and chief Executive Sir George Iacobescu, "We will continue to work with the London Borough of Lambeth and the local community as we move to the next phase of planning and development to ensure that all involved in the area get the best possible opportunities from this new development."
A new pedestrian route will be created through the site which will provide connection between Waterloo Station and the South Bank, while a square at the centre of the development will create public space
Qatari Diar Group chief executive officer Khaled Al Sayyed, continued, "Our development will be a unique place to live and work in the centre of London, providing locals and visitors alike with much needed public space, entertainment and culture."
The masterplan for the scheme was provided by Squire and Partners, while the architects involved in the project include Townshend Landscape Architects, Kohn Pedersen Fox Associates, Patel Taylor, Stanton Williams, Townshend Landscape Architects and GRID Architecture.
Construction in the project is expected to commence by the end of this year and completed by 2019.
Image: The existing 27-storey Shell Centre Tower will remain in place and eight other towers will be built around it. Photo: Blueshade.