Canary Wharf Group has revealed it is working towards tendering the initial construction packages for the £1.2Bn redevelopment of Shell Centre on London’s South Bank despite a legal challenge to the planning permission granted in June.
In its Interim Results to 30 June 2014’, published today, Canary Wharf insists that it will push forward with the project despite a legal challenge by ‘a single individual’.
Canary Wharf Group said its joint venture with Qatari Diar will also continue to look at completing documentation with Shell and carrying out design of the first phase of buildings in anticipation of a successful outcome from a court date in December.
The objection against the scheme was filed at the end of a six week statutory period following the Secretary of State for Communities and Local Government Eric Pickles’ approval of the redevelopment in June.
The development will be mixed use, comprising eight new buildings which will house 523,000 sq ft of office space, 79,000 sq ft of retail, restaurants, cafes and a health club, together with 835,000 sq ft of residential space, creating 877 apartments.
The construction will run over a six year period and is expected to employ an average of 700 workers on site, rising to 1,630 at the peak of work.
The existing 27 storey tower in the middle of the Shell Centre will be preserved and retained by Shell.
Canary Wharf Group said the scheme will regenerate an important section of the South Bank in central London. The group will act as construction manager for the project and will share joint development manager duties with Qatari Diar.