Braeburn Estates is a joint venture of Canary Wharf Group and Qatari Diar, overseeing the redevelopment of the new Southbank Place, on the site of the former Shell Centre opposite Jubilee Gardens.
The 1.45 million sq ft mixed use scheme, which has been masterplanned by Squire and Partners, will transform the 1960s office site, providing new offices for Shell and other corporate organisations as well as hundreds of new homes and new retail outlets. It will make a significant contribution to the ongoing regeneration of South Bank.
The Southbank Place development will include a mix of offices, homes and retail space, which will integrate with open public areas, with the iconic Shell Centre Tower at its heart. Under the current plans approved by Lambeth Council, new pedestrian routes through the site will improve connections between Waterloo Station and South Bank. A widened Chicheley Street will open up the approach to the Coca-Cola London Eye, while a ‘city square’ at the heart of the scheme will provide open space and enhanced public realm.
The 27-storey Tower will remain the centrepiece of the new site, and will continue to be owned and occupied by Shell. It will be complemented by eight new buildings, one of which will incorporate a further 245,000 sq ft of new offices and trading floors for Shell. Approximately 800,000 sq ft of office space (including the Shell Centre Tower), along with around 80,000 sq ft new retail units, restaurants and cafés, will be accompanied by approximately 800,000 sq ft of residential space incorporating up to 877 new homes, including affordable housing.
This new residential development will include 98 affordable homes, including 52 extra care homes for elderly and disabled people on site, plus an additional 70 affordable homes off site on Lollard Street.
Southbank Place is planned for completion in 2019, with construction underway across the site.
Once construction is complete, the redevelopment will significantly increase the number of jobs on site with more than 6,000 people expected to be employed between the two new commercial buildings and the Shell Centre Tower. The additional commercial space in the redevelopment will extensively expand the Shell London head office, allowing all of their 4,000 London based staff to be located in the same office for the first time.