A US private equity group, Carlyle, is seeking to take advantage of the rampant demand for flats and offices along the river Thames. Yesterday it announced it had submitted plans to develop a £1bn property estate on Bankside, which is just next to the Tate Modern – to include a 48-storey skyscraper and 500 luxury flats.
Adding to current plans to regenerate and develop a stretch of river that was long dominated by industrial buildings, this is where it’s going to be at in terms of luxury homes. The southside of the river, unencumbered by the rigid planning constraints of the north bank – is fast becoming the playground for the architectural world in the capital, and in so doing transforming this amazing city.
Carlyle’s plans would include nine new buildings, providing 1.4m sq ft of additional space, (both office and residential), which is more than twice that pf the Shard.
It seems everyone wants to get on the bandwagon of this incredible stretch of river, with overseas investors having spent big bucks buying up run-down, dilapidated buildings along the Thames, from Vauxhall to Greenwich – print works, warehouses and wharves have all been the subject of competitive bidding.
OK, and here it is, (as if I couldn’t include a picture of the most amazing building to have been constructed in the past thirty years)…