Existing buildings around the famous Shell Centre Tower will be demolished to make way for eight new high rise buildings offering as mix of offices and 790 apartments.
The Tower will remain the centrepiece of the new site, occupied by Shell which is taking a further 245,000 sq ft of space.
The masterplan drawn up by architects Squire & Partners includes two office blocks, three residential blocks, two ‘slender’ towers and a new public square.
The development is planned for completion in 2019 and will include a highly efficient energy centre to reduce the carbon footprint of the site.
More than 1,000 local people, businesses and visitors have shared their views on the future development, through an extensive, year-long community consultation, which has helped to shape the scheme masterplan.
Qatari Diar Group Chief Executive Officer Mohammed bin Ali Al Hedfa, said: “Our aim is to enhance an area in need of a renaissance, with a new mixed use development of which London can be truly proud. We are confident that our proposed development will put a reinvigorated South Bank at its rightful place, at the Capital’s heart.”
Canary Wharf Group will act as construction manager for the project.