Delancey plans new Bankside development

By Jim Dunton - Fri 28 February 2014, 4:00 pm

Developer Delancey is planning a mixed-use office and residential development near the Tate Modern art gallery in Bankside, it has emerged.

Delancey’s DV4 fund has submitted a scoping document for the scheme, proposed for a 0.5 hectare site on Park Street, to Southwark Council planning officers.

The development would see the demolition of three office buildings at the site - one of which is the former National Grid headquarters - and their replacement with four new blocks, one of which would be up to 23 storeys tall.

The proposals also include underground car parking and a new public square.

According to the document, 20,894 sq metres of the scheme would be new homes, 7,965 sq metres would be new offices, and 2,047 sq metres would  be retail space.

Delancey said architects Squire and Partners would be designing the development.