Canary Wharf Group has received planning permission for a major Â£1bn construction development involving eight towers.
Working alongside its partner Qatari Diar, a number of London offices as well as 877 homes are set to be included in the project.
The mixed use scheme is set to see a 1.45m sq ft revamp of the iconic Shell Centre Tower on Southbank. The buildings are set to range in size from five up to 37-storeys in height.
Designed by architect Squire & Partners, as well as a range of other architects, it is expected the mixed use scheme will include two office blocks, alongside three residential towers and two ‘slender’ towers as well as a new public square.
The tower, used by Shell as its international HQ since the 1960s ,will remain as a centre piece to the new buildings, but the firm will also move into a further 245,00 sq ft of London office space provided by one of the new buildings.
In a telephone interview with Bloomberg Canary Wharf Group managing director, John Pagano, said: “We’re very excited about the area, it’s almost the best-kept secret.
According to reports, developers have spent some Â£500m on real estate in the Southbank area in the last six months alone.
In a document recommending its approval, planning officials said: “The development would give rise to not only additional jobs in the borough, but would also contribute towards strategic objectives for London in its promotion as a world city.”
Work is set to commence at the end of this year, with completion expected at some point in 2019.
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