The London School of Economics and Political Science (LSE) alongside partners Equitix and Bouygues UK have submitted plans to transform Bankside House in Southwark into a student residence providing 1,944 beds.
Designed by Carmody Groarke and Sheppard Robson, the scheme will replace the existing mid-century office-turned-residence with three stepped towers of 24, 26 and 28 storeys linked by two low-rise pavilions around landscaped courtyards and extensive public realm.
All rooms at the redevelopment will be at sub-market rents with 15% of bed spaces meeting the London Plan definition of affordable student accommodation (capped at 55% of the maximum maintenance loan).
Determination of the planning application is expected early next year and subject to approval, work on site will commence in 2027 with the new Bankside House scheduled to open before September 2032.
Julian Robinson, director of estates at London School of Economics and Political Science, said: “Bankside House is more than student housing – it’s a commitment to widening access. By delivering nearly 2,000 beds at sub-market rents, we’re easing pressure on London’s housing market while ensuring that talented students, whatever their background, can live and thrive in the heart of the city. This project reflects LSE’s values: world-class education supported by a world-class living environment and an ambitious civic offer to the local community.”
Oliver Campbell, managing director of development at Bouygues UK, added: “In partnership with LSE, we’re establishing a dynamic, inclusive community that offers more than just housing – a vibrant living experience in the heart of London. We aim to combine the principles of providing a great student experience with being a good neighbour to the community of Bankside. With our focus on employing low-carbon, modern construction methods, this project will be both environmentally mindful and socially enriching.”
Hugh Crossley, CEO of Equitix, said: “Bankside Residences set a new benchmark for socially impactful investment in central London. Equitix combines long-term capital, strong partnerships, and a focus on affordability. This project shows how private investment can deliver lasting public benefit, creating inclusive, high-quality student accommodation that supports both community and future generations.”
Andy Groarke, director at Carmody Groarke, said: “Our design for LSE’s Bankside House is conceived as three houses that contribute to London’s river skyline while opening the site to the city, increasing porosity and strengthening the public space south of Tate Modern. At ground level, a series of pavilions establish a civic presence and create a welcoming threshold between LSE, the South Bank and the wider city. Inside, every student room is a good room, with shared spaces on each level enjoying some of London’s most extraordinary views. More than a residence, the architecture is designed to foster exchange, belonging and a genuine sense of home.”
Rupert Goddard, partner at Sheppard Robson, added: “This is an opportunity to rethink student housing at scale. We’ve designed a family of buildings that are confident yet humane. Every move, from daylighting the shared spaces to stepping the massing towards our streets, has been made to enrich the student experience while respecting the surrounding neighbourhood.”
The project team also includes Montagu Evans, which is acting as the planning adviser and the heritage and townscape consultant.
