Ministerial green light for £1.2Bn Shell Centre plans

Ministerial green light for £1.2Bn Shell Centre plans

Braeburn Estates’ plans for the £1.2Bn redevelopment of the Shell Centre site on London’s South Bank have been approved by Communities and Local Government Secretary Eric Pickles, with construction work to start this summer.

 

The estimated £1.2Bn scheme will create an average of 700 engineering jobs on site over  six years, with some 1,630 workers at the peak of construction.

 

The 27 storey Shell Centre Tower will remain the centrepiece of the new site but will be complemented by eight new buildings, one of which will incorporate a further 245,000 sq ft of new offices and trading floors for Shell.

 

The scheme will create approximately 800,000 sq ft of office space in total (including the Shell Centre Tower). Furthermore 80,000 sq ft of new retail units, restaurants and cafés, will be accompanied by 800,000 sq ft of residential space incorporating up to 877 new homes.

 

Braeburn Estates is a joint venture between Canary Wharf Group and Qatari Diar. The 1.45 million sq ft mixed use project, comprising offices, residential and retail has been master planned by Squire and Partners.

 

Qatari Diar Group chief executive officer, Khaled Al Sayed said: “Our priority is to get this construction project moving, so that businesses, residents and visitors to the local area start to reap the benefits of this fantastic scheme as soon as possible.”

 

Sir George Iacobescu, Chairman and Chief Executive Officer, Canary Wharf Group, said: “We feel privileged to have this opportunity to play a role in regenerating this popular but somewhat neglected area of London.”

 

Director of the redevelopment for Shell, Richard Montgomery, said: “This redevelopment will enable us to continue to make a positive contribution to the South Bank and wider Waterloo area’s regeneration. It will also see Shell’s London staff all based in one location for the first time in many years.”

Please rate

Comments 

Name
Email
  Ctrl + Enter

Most Read

 FirstGroup to launch budget London to Edinburgh rail service

FirstGroup to launch budget London to Edinburgh rail service

FirstGroup is to launch a budget direct London-Edinburgh rail service next month, which it hopes will lure air passengers to the train as a cheaper and greener alternative.   The new service, branded Lumo, will have just one single class of travel and the company hopes it will carry more than

Record infrastructure pipeline investment to support future workforce

Record infrastructure pipeline investment to support future workforce

This infrastructure pipeline includes the projected future workforce demand based on planned investment in projects and programmes. The Infrastructure and Projects Authority (IPA) estimates that in the four-year period up to 2024/25, over 425,000 individuals will be needed on an average

One year on: HS2 reaches 20,000 jobs landmark

One year on: HS2 reaches 20,000 jobs landmark

Companies right across the country are now forming part of HS2’s ever-growing supply chain. Contracts have already been awarded to over 2,200 businesses, 97% of which are UK-based.   HS2’s jobs boost is also benefitting those in need, with bespoke initiatives designed to

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.