Multiplex starts on 50-storey Thames tower

25/3/24

Multiplex has started work on a £190m contract to build the tallest new residential tower currently under development in prime central London.

An international real estate consortium led by Native Land is behind the £3bn Bankside Yards scheme where the latest high-rise, currently known as Building 2, will be 50-storeys containing 250 apartments.

Mutliplex has already worked on other parts of the scheme including completing the ground works and delivering the development's flagship office building.

Construction work on Building 2 is due for completion in late 2026. Keltbray is is the specialist sub-contractor for the building frame with Scheldebouw as façade contractor. Further subcontract packages have yet to be awarded.

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."

Nicholls added: "Our confidence in commencing construction is founded on the demonstrable domestic and global appeal of Bankside Yards' buildings and spaces. This is evidenced by the occupiers and operators who have already committed to the development, recognising our track record of delivering exciting, high-quality mixed-use destinations for London."

Mandarin Oriental Hotel Group will open its third London hotel at Bankside Yards in 2028 – a 38-storey, 171-bed, 5-star hotel with 70 branded residences.

Source; Construction Enquirer