Situated directly opposite the City of London, Bankside Quarter is located on one of the most sought-after prime, riverside sites in central London and will mark a significant step forward in the ongoing renaissance of the South Bank. It provides a unique opportunity for an investor to take part in the creation of a new destination neighbourhood in the heart of London, comprising nine new buildings of between five and 48 storeys in height and 35,000 sq ft of new public space, including a central square and new gardens.
Carlyle intends to begin the first phase of the development next year, once funding is in place. This will involve the demolition of the current Ludgate House office building, upon receipt of vacant possession in March 2015, and the subsequent construction of a new 48 storey residential tower comprising 211 apartments, as well as a 17-storey residential tower right on the river’s edge.
Construction of the next phase will commence once Carlyle receives vacant possession of the Sampson House site in June 2018.