Clan Real Estate and Grosvenor appoint Richard Rogers Partnership on their Bankside 4 development

Clan Real Estate and Grosvenor are to appoint Richard Rogers Partnership as architect to carry out preliminary studies on for their Bankside 4 development, which borders Tate Modern, London SE1.

The site, which neighbours Tate Modern, is identified for a predominantly residential scheme. Native Land, which is a 50% shareholder of Clan Real Estate with its partners Buccleuch Properties, is managing the development project for the joint venture.

Alasdair Nicholls, Chief Executive, Native Land, commented: “Bankside 4 is situated in will be one of the capital’s most prestigiousbest known residential developments in an unrivalled locations. and wWe have asked Richard Rogers Partnership, who enjoy a world class reputation, to look at ways in which we can bring the site forward. We are aiming to begin consultation with local residents this summerare delighted to be working with a world class architect to deliver the scheme””.

Andrew Morris, director, Richard Rogers Partnership, commented : “The Bankside area has, in recent years, gaineddeveloped a reputation for developments based on high qualitysuperb architecture design.and Wwe are confident that Bankside 4 we will deliver a residential scheme that will make a significant contribution to the architecture of this key regeneration location. of the highest quality”.

A planning application for the scheme will be submitted in late summer towards the end of 2006.

Update:
Bankside 4 development received planning permission. A major £300 million scheme, designed by Richard Rogers, Bankside 4 will total some 390,000 sq ft, providing some 370 apartments adjacent to Tate Modern 2



Native Land : Spitalfields development

NATIVE LAND

Native Land is a residential and mixed use development company specialising in the central London market. Established in 2003, the company has interests in a number of key schemes across the capital. Including Silvertown Quays Native Land is involved in two major joint ventures with Grosvenor: Bankside 4, adjacent to Tate Modern, which received planning permission in early 2007. The £300 million scheme, designed by Stirling prize winning practice, Richard Rogers Partnership, comprises 370 apartments in 5 buildings ranging in height from 5 to 24 storeys.

The second joint venture with Grosvenor is 10 Montrose Place, Belgravia, which comprises 18 new build lateral “Manhattan-style” apartments in 60,000 sq ft of built area. The majority of apartments have already sold for record central London prices of over £2,500 per square foot.

In addition, the company is shortlisted alongside Westbrook Partners for the Chelsea Barracks site, for which a preferred bidder is expected to be announced later in the year.

Native Land is also development manager for Silvertown Quays, which won Best conceptual project contributing to London’s future award in the London Planning Awards 2006.

In the Royal Docks, two major joint ventures with Grosvenor: 10 Montrose Place, Belgravia and Bankside 4, adjacent to Tate Modern. In addition, the company is shortlisted alongside Westbrook Partners for the Chelsea Barracks site, for which a preferred bidder is expected to be announced later in the year.

Native Land is a residential and mixed use development company. The company has worked on some of the capital’s most prestigious residential projects, most with leading architectural practices.

The company has three principal areas of expertise : acting as a consultant on development schemes, managing schemes and finances on behalf of others and coinvesting in schemes through Clan Real Estate (which is a joint venture between Native Land and Buccleuch).

As London specialists, the Native Land has unparalleled understanding of the capital’s residential marketresidential market and its many sub-markets.



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