Carillion starts on £170m Project Bankside scheme - PHOTOS

Carillion has started working on ‘Project Bankside’, a £170m residential construction project adjacent to Tate Modern on the Thames.

The £130m construction package is going ahead, despite the mothballing of most residential schemes, thanks to strong off-plan sales achieved in the last quarter of 2008.

Funding for the scheme from Bank of Scotland Corporate was secured last year.

Carillion chief executive John McDonough said: “We are delighted to have been awarded this contract and look forward to working with [joint venture partners] Native Land and Grosvenor, with whom we have a long-standing relationship, to deliver this prestigious urban regeneration scheme”.

The scheme will comprise 229 apartments, 197 of which will be private and 32 of which will be affordable housing, in four buildings ranging from five to 24 storeys. 

Further affordable housing will be located off-site making up a total allocation of 40%.

The main sub-contractors include:

• Schneider GB who will carry out the design, manufacture and installation of bespoke cladding and glazing;
• Watsons will take on the design, fabrication and installation of structural steelwork;
• Euro Earthworks is carrying out bulk excavation and ground works;
• Cementation will carry out piling;
• Getjar will create the reinforced concrete (RC) basement structure and the RC frames of the main buildings;
• Interserve will install and commission the building services.

Alasdair Nicholls, chief executive of Native Land said: “We’re delighted to have secured a contract with Carillion so work can start on what will undoubtedly be a stunning new development for London’s South Bank. 

“This is an exceptional project in a growing quarter of London that is already hugely sought after.

“Our strong off-plan sales to date are testament to ‘Project Bankside’s’ desirability.”