Construction has commenced on the 50-storey residential tower at the £3bn Bankside Yards development on London’s South Bank.
Native Land has appointed Multiplex as main contractor on Building 2, which will offer 250 apartments when it completes in late 2026.
Keltbray has been appointed as the specialist sub-contractor for the building frame of Building 2 and Scheldebouw is the façade contractor. Further sub-contract packages have yet to be awarded.
The development masterplan for Bankside Yards has been designed by PLP Architecture on behalf of an international consortium led by Native Land, which includes Temasek and Hotel Properties Limited (HPL) of Singapore, and Malaysia’s Amcorp Properties Berhad.
Alasdair Nicholls, chief executive of Native Land, said: “We are committing to the development of Building 2, to be named and launched to market in spring this year, when it is evident there will be little or no competing new-build product available in Central London, given the capital’s planning and funding challenges. Bankside Yards is a unique proposition for city centre living of unparalleled quality in London’s historic commercial and cultural core.
“The future residents of Building 2 will own and live in a world-class apartment building that embraces technology to provide a convenient, amenity-rich and environmentally conscious lifestyle, on a par with the very best residential developments in any global gateway city.”
