The London School of Economics and Political Science and joint venture partners Equitix and Bouygues UK have secured planning consent to redevelop Bankside House in Central London into a 1,945-bed student residence.
Designed by Carmody Groarke and Sheppard Robson, the scheme replaces the mid-century office-turned-residence with three stepped towers of 24, 26 and 28 storeys linked by two low-rise pavilions around generous, landscaped courtyards and extensive public realm integration.
All rooms at the scheme will be offered 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).
Julian Robinson, director of estates at the London School of Economics and Political Science, said: “This is the culmination of a 10-year engagement with the borough on the redevelopment of our Bankside residences. Working with the Southwark team we have crafted an affordable, sustainable and high quality design which will make a significant contribution to the borough. The scheme’s civic offer is incredibly strong with genuine public access and community uses integrated within the building and we can’t wait to see LSE’s world class estate extended south of the river.”
Oliver Campbell, managing director of development at Bouygues UK, added: “Securing planning permission for Bankside House is a landmark moment for Bouygues Development and Bouygues UK and for the student accommodation sector in London. In partnership with the London School of Economics and Equitix, we’ve developed a scheme that puts affordability, sustainability, and community at its core. We’re proud of the role we have had in bringing this project from concept to consent and we look forward to delivering a building that will stand as a genuine piece of civic architecture for generations to come.”
Hugh Crossley, CEO of Equitix, said: ”Bankside House represents a new benchmark for socially impactful investment in central London and the London School of Economics’ role as an international centre of excellence. Securing planning approval is an important milestone for the project for all partners. Working alongside Bouygues and LSE, we remain committed to creating affordable, high quality student accommodation that will support the university, its students and the wider community for many years to come.”
