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London set for huge new development | 10 October 2013

London’s South Bank is set to be the location for a cluster of nine brand new buildings, constructionenquirer.com reports.

Constructionl Investment group Carlyle has announced it has gained outline planning permission to demolish two major buildings near the Blackfriars Bridge, in order to make room for nine new buildings, which will vary in size from five to 48 storeys.

In total, the 1.4 million sq ft development will offer 492 luxury apartments, as well as 450,000 sq ft of office space and a further 25,000 sq ft for retail.

Whilst outline planning permission has been granted, the scheme is still set to go before the Mayor of London and possibly even the Communities Secretary before being given the final green light, because of its sheer size.

Work on the development may not start for another few years yet, however, as the existing lease on Ludgate House does not expire until the summer of 2015. For Samson House, meanwhile, the lease continues until 2018.

Commenting on the development, Carlyle Group managing director Mark Harris told building.co.uk how the site benefited not only from its riverside location, but also because it is “extremely under-utilised” from a physical, social and cultural perspective.

“The support we have received from the local community and Southwark Council throughout this process, and last night, endorses our belief in the need for change,” he added.

“This is a once in a generation opportunity to create a vibrant new destination with homes, retail and leisure facilities which brings thousands of new jobs to the area, while at the same time allowing us to make a significant contribution to Southwark’s wider housing requirements.”

The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.

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