The London Theatre Company, managed by former bosses at the National Theatre, is set to build the largest theatre in central London for 20 years at Berkeley Homes’ One Tower Bridge scheme in Southwark.
The National Theatre's former artistic director, Nicholas Hytner, and executive director, Nick Starr, started the theatre organisation after stepping down from their previous posts.
It has a capacity to seat 900 peope, and is set to be part of a wider culture and leisure offering at the scheme, with cafes, shops and restaurants. The theatre is expected to open in 2017.
The site was originally intended to become a temporary location for the Royal Opera House during the renovation of its home in Covent Garden, but Berkeley has found a more permanent use for the site.
Tony Pidgley, chairman of Berkeley Group, said: “This is the next big step for the London Bridge area – London’s newest and most exciting theatre, run by a theatre director and a producer of real pedigree in Nicholas Hytner and Nick Starr.”
"We've already surpassed one degree of global warming," said Kristen Buida, manager of the London Climate Change Partnership.