Thursday 13 December – Media Release

New Look For London’s South Bank As Shell Centre Plans Unveiled

London’s South Bank is set to be transformed by a unique mixed-use development with the famous Shell Centre Tower at its heart.

Joint venture developers Canary Wharf Group and Qatari Diar have unveiled their proposed plans, which will re-vitalise the area with high quality architecture and much improved public spaces.

A mix of offices, homes and retail space will integrate with open and attractive public areas, while new pedestrian routes will connect nearby Waterloo Station with the South Bank of the River Thames. A widened Chicheley Street will open up the approach to the London Eye, while a ‘city square’ at the heart of the scheme will provide open space and help people move around the area.

The well-known Shell Centre Tower will remain the centrepiece of the new site, occupied by Shell which is taking a further 245,000 sq ft of space. The Tower will be complemented by eight new buildings, one of which will incorporate new offices and trading floors for Shell. Approximately 800,000 sq ft of office space (including the Shell Centre Tower), along with around 80,000 sq ft new retail units, restaurants and cafés, will be accompanied by approximately 800,000 sq ft of residential space incorporating up to 790 new homes, including affordable housing. The development is planned for completion in 2019.

The proposals for the development incorporate a highly efficient energy centre which will reduce the carbon footprint of the site. The system will be designed to interconnect with a district heating network being explored for the wider South Bank area.

Sir George Iacobescu, Chairman and Chief Executive, Canary Wharf Group, said: “It is a privilege to have the opportunity to work on such a historically interesting and important site as the Shell Centre. Our vision is of a beautiful place to live and work in the cultural heart of the most exciting city in the world. Just as importantly, we look forward to working with the local authority and the community to ensure that local people get the best possible opportunities from this new development for many years to come.”

More than 1,000 local people, businesses and visitors have shared their views on the future development, through an extensive, year-long community consultation, which has helped to shape the scheme masterplan, by leading architects Squire and Partners.

Qatari Diar Group Chief Executive Officer Eng. Mohammed bin Ali Al Hedfa, continued: “Our aim is to enhance an area in need of a renaissance, with a new mixed use development of which London can be truly proud. We are confident that our proposed development will put a reinvigorated South Bank at its rightful place, at the Capital’s heart.”

Graham van’t Hoff, Chairman, Shell UK, said: “We’re excited about our future here on the South Bank, and look forward to bringing our London-based staff back to one location once the application is approved and construction is complete. Shell Centre is our long-term home in London, and we’re confident that Canary Wharf Group and Qatari Diar will deliver a project that will benefit both London and the local community. It will create prime office and residential space, as well as attracting more people to the South Bank with new shops and restaurants.”
– ENDS –

Notes to editors:

The list of architects contributing to specific scheme buildings is as follows:
• Building 1 – office use; Squire and Partners
• Building 2 – office use; Kohn Pedersen Fox Associates (KPF)
• Building 3 – residential use; Patel Taylor
• Building 4A & 4B – residential use; Squire and Partners
• Building 5 – residential use; Stanton Williams
• Building 6 & 7 – residential use; GRID Architecture
• Landscaping and public realm; Townshend Landscape Architects

For further media enquiries, please contact:

Charlie Hampton: +44 (0)20 7861 2431 / champton@bell-pottinger.co.uk
Emily Luscombe: +44 (0)20 7861 2494 / eluscombe@bell-pottinger.co.uk
Rebecca Lloyd Wright: +44 (0)20 78612499 / rlloydwright@bell-pottinger.co.uk

About the Shell Centre Redevelopment

In July 2011 developers Qatari Diar and Canary Wharf Group signed an agreement with Royal Dutch Shell to redevelop the Shell Centre site on London’s South Bank. The developers will take the 5.25 acre site on a 999 year lease, with Shell remaining the freeholder. The development will be mixed use comprising office, retail and residential space, subject to public consultation and planning consent.
The well known, 27 storey tower in the middle of the Shell Centre is retained and occupied by Shell. Shell will also take a 245,000 sq. ft. pre-let of one of the new office buildings to be constructed on the site. Shell is committed to returning its entire London workforce back to the redeveloped site on completion.

About Canary Wharf Group plc:

Canary Wharf Group plc is an integrated property development, investment and management group of companies. It is focussed on the design, construction, leasing and management of grade A office space and high-quality retail and leisure facilities in central London. Over the past 20 years Canary Wharf Group has regenerated derelict wharves into one of the world’s premier business and shopping districts, constructing over 15 m sq ft of office space; more than any other company in London. These buildings are occupied by over 95,000 people. The Shell Centre will be The Group’s fourth project away from the Canary Wharf Estate, following the successful completion of Pan Peninsula, Drapers Gardens and ongoing construction of 20 Fenchurch Street (Walkie Talkie) in the City of London, which is in a joint venture with Land Securities. Canary Wharf Group’s tenants, clients and occupiers include some of the world’s leading business organisations from the media, legal, accounting, financial services, IT, energy and transport sectors. Canary Wharf Group has also developed and successfully let over 200 shops, bars, cafes and restaurants including many of Britain’s leading brands. Canary Wharf Group has been named one of the Sunday Times 60 Best Green Companies in the UK since 2008, was the Property Week Offices Developer of the Year 2010 and also won the Christie’s 2010 Award for Best Corporate Art Collection and Programme at the International Art and Work Awards. www.canarywharf.com

About Qatari Diar Real Estate Investment Company

Wholly owned by the Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, Qatari Diar Real Estate Investment Company was established in February 2005 to support Qatar’s growing economy and to co-ordinate the country’s real estate development priorities. Qatari Diar is currently involved in more than 49 signature projects in more than 29 countries around the world with a combined value of over $35bn. Qatari Diar is becoming established as one of the world’s most trusted and respected real estate companies because of its commitment to quality, local community, partnership and hallmark sustainability. Qatari Diar’s hallmark vision of sustainable development places community and local traditions at the forefront. The company aims to create and manage property investments and developments which not only comply with the best international standards, but which also strongly reflect local culture and values. As a result, Qatari Diar’s projects deliver a distinctive and sustainable social, economic and environmental benefit to the community. In addition, Qatari Diar often enables local and international developers and investors to partner in its projects, and to work together in exploring other opportunities, both locally and internationally. www.qataridiar.com

About Squire and Partners

Squire and Partners are an award-winning architectural practice who have been designing and executing buildings on key sites in London and internationally for over 35 years. The practice’s approach to design assumes that every site has its own history, character and needs. Derived from a sense of place, buildings respond to underlying themes of materiality, scale and proportion which are common to their locations, whilst revealing a commitment to contemporary design and detailing. Key projects include the Chelsea Barracks masterplan, One Tower Bridge, the Reiss Headquarters and the Knightsbridge Apartments. www.squireandpartners.com