Despite the backdrop of the global pandemic, we continued to make good progress on our London development projects during 2020, including successfully completing the sale of the remaining units at both our luxury Holland Park Villas and Burlington Gate residential developments.
Bankside Yards, our 5.5-acre Central London riverside development on the South Bank of the Thames, will create a new neighbourhood for the area and reconnect the space between the Tate Modern Gallery and Blackfriars station. The scheme will deliver high quality residential apartments, a premium commercial office building, a retail hub, a luxury hotel and 3.3 acres of new public open space around fourteen historic railway arches which will include cultural and wellbeing areas.
Bankside Yards West – The western half of the site which is being progressively developed first, has continued to move forward with all the groundworks and the southern half of the basement being completed during the year. Construction of the premium commercial office building with the steel frame up to level 17, is on time and expected to be delivered in the second half of 2022. Design works continue to be refined for the two residential towers. Marketing and pre-leasing activities continue for the office building.
Bankside Yards East – During 2020, the objective of achieving a significantly enhanced planning consent for the East side was fully realised. This site now includes consent for a luxury 5-star hotel, three residential apartment buildings and a further commercial office building. Work is ongoing to optimise designs and sign up an internationally recognised hotel operator.
Paddington Square, our prestigious commercial office, retail and leisure project will provide 350,000 square feet of light-filled, high tech headquarter office space with 80,000 square feet of curated leisure and retail offerings. A new public piazza will be connected to the project and West London’s highest rooftop bar and restaurant is planned with stunning views across the City skyline and Hyde Park.
During 2020, the groundworks and basement as well as the concrete core of the main building were completed, with the core reaching the top at level 18. During the year, the main contractor was appointed to take on the balance of the works and the steelwork had reached level 6 by the end of the year. To address the COVID-19 pandemic, the programme was re-sequenced and mitigation measures introduced to ensure no delays in reaching practical completion during the second half of 2022.
The project now has a marketing suite overlooking the construction site and Hyde Park, where the appointed leasing team continue to discuss pre-let opportunities for the office and retail space.
In Singapore, our luxury residential developments include Tomlinson Heights, Robertson Blue, Cuscaden Residences, Scotts 28, Nassim Jade, Four Seasons Park, as well as The Interlace and the d’Leedon condominiums which are joint ventures with CapitaLand.
Our prime commercial and retail properties include Forum the Shopping Mall and Concorde Shopping Mall. The former is a 110,000 square feet family-oriented mall that is primely-located at Singapore’s main shopping belt and is a mere 5-minute walk away from Orchard MRT station.