The surge of new developments in London shows no sign of subsiding after Mayor Boris Johnson gave his approval to yet another scheme on the South Bank.
The latest development to get the green light is between Waterloo Bridge and the London Eye and will see eight new buildings surrounding the existing Shell Centre. The scheme will provide a mixture of retail and leisure outlets, together with 870 ‘affordable homes.’
There will also be improvements to the public realm in the shape of a city square and the widening of the approach to the London Eye. In addition, new pedestrian routes will link the site to Waterloo Station and the rest of the South Bank.
The development will be delivered by a joint venture between Canary Wharf Group and Qatari Diar. It is the result of a year-long consultation and is not connected to the nearby Elizabeth House scheme which has caused controversy due to its impact on views of Parliament Square.
Welcoming the decision Canary Wharf Group chairman Sir George Iacobescu said; “Our vision is of a beautiful place to live and work in the cultural heart of the most exciting city in the world.
“We look forward to working with the local authority and the community to ensure local people get the best possible opportunities from this development for many years to come.”
Boris Johnson said he had considered the proposal ‘very closely’ and he had ‘no doubt’ that the scheme should go ahead.
“This application will deliver some truly world-class architecture to the South Bank of the Thames,” he said.
Construction is expected to take six years and will provide hundreds of jobs. On completion around 300 shop and restaurant jobs will be created.
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