Southbank Place, formerly known as the Shell Centre, is a 5.25 acre site located in the cultural heart of the London Borough of Lambeth and London’s South Bank district. The site is home to the London headquarters of Shell International UK Limited, which fronts onto Jubilee Gardens and the River Thames, diagonally opposite the Houses of Parliament, and adjacent to the internationally renowned London Eye and Festival Hall.
Canary Wharf Group and Qatari Diar formed a Partnership, with the working name of Braeburn Estates Limited Partnership, to acquire and develop the site. The Partnership will deliver 1.4 million sq ft of accommodation on the site: across seven individual buildings within a thoughtfully designed open public realm. Of the 1.4million sq ft, 830,000 sq ft will be residential, 530,000 sq ft offices and 43,000 sq ft retail.
Shell will remain in the iconic Shell Tower totalling 230,000 sq ft with an additional building of 246,000 sq ft for their use. Whilst there will be other tall buildings on the site, the Shell Tower will continue to be the iconic focal point of the development.
The remainder of the site will be a mixed-use development with residential, office and retail uses. The split of residential and office is 60/40, with residential being the dominant component. The first building, One Casson Square, was launched for sale in September 2015. Designed by Squire and Partners it is now over 90% sold with the first completions due to take place later this summer.