An international real estate consortium led by Native Land is behind the £3bn Bankside Yards scheme where the latest high-rise, currently known as Building 2, will be 50-storeys containing 250 apartments.

Mutliplex has already worked on other parts of the scheme including completing the ground works and delivering the development’s flagship office building.

Construction work on Building 2 is due for completion in late 2026. Keltbray is is the specialist sub-contractor for the building frame with Scheldebouw as façade contractor. Further subcontract packages have yet to be awarded.

Building 2 is the tallest in the planned Bankside Yards scheme

Alasdair Nicholls, Chief Executive of Native Land, said: “We are committing to the development of Building 2, to be named and launched to market in spring this year, when it is evident there will be little or no competing new-build product available in Central London, given the capital’s planning and funding challenges.

“Bankside Yards is a unique proposition for city centre living of unparalleled quality in London’s historic commercial and cultural core. The future residents of Building 2 will own and live in a world-class apartment building that embraces technology to provide a convenient, amenity-rich and environmentally conscious lifestyle, on a par with the very best residential developments in any global gateway city.”

Nicholls added: “Our confidence in commencing construction is founded on the demonstrable domestic and global appeal of Bankside Yards’ buildings and spaces. This is evidenced by the occupiers and operators who have already committed to the development, recognising our track record of delivering exciting, high-quality mixed-use destinations for London.”

Mandarin Oriental Hotel Group will open its third London hotel at Bankside Yards in 2028 – a 38-storey, 171-bed, 5-star hotel with 70 branded residences.

The scheme will transform the two-acre site by Wandsworth Bridge on the north bank of the Thames to provide a 55,000 sq ft logistics facility.

Cargo boats will bring goods up the River Thames to dock in the scheme’s newly operational ground-floor wharf, enabling them to be sustainably distributed across London. The planning application includes a new jetty to improve capacity for handling waterborne cargo.

Alongside an operational wharf, the site will be transformed into a cluster of six to 17-storey residential buildings with 276 apartments.

Ian Rickwood, Chief Executive, Henley Investment Management, said: “The redevelopment of Albert and Swedish Wharf is a truly unique opportunity to bring this site back into positive use.

“Not only does it provide much needed housing for London but also an operational wharf for last mile logistics, where demand remains high and having a site like this is incredibly rare.

“The River Thames has huge untapped potential for handling light freight and utilising the river more will help ease congestion and reduce pollution across London.

“This scheme is a prime example of how underused brownfield land can be repurposed to help meet housing need in London. The development will completely transform this part of the riverfront and the continuation of the Thames Path will create riverside access for new residents and the existing community.”

The plan will reinstate and create a permanent music venue in one half of the large former Printworks building, the other half will deliver next-generation sustainable workspace and retail, known as The Grand Press.

The designs, led by architects Hawkins\Brown, seek to maintain the building’s volume and character while creating a highly sustainable and modern cultural venue.

Planned interior of Printworks building

There are four key new cultural spaces planned at the new Printworks, which is scheduled to reopen in 2026:

• Printworks’ world-renowned Press Halls retained. The iconic space will be kept with the Press Halls remaining the focal point of the Printworks’ programme. Live music events, concerts, immersive art exhibitions and corporate events of similar capacity will be hosted here

• A brand-new rooftop leisure and cultural space. This new event space – complete with soaring views of London
• The Inkwells. A performance space dedicated to immersive exhibitions, multi-disciplinary art shows and more intimate music events
• A series of new suites with views of the Press Halls. These will offer versatile spaces for meetings, conferences, events, and corporate hospitality

Emma Cariaga, joint head of Canada Water at British Land, said: “We want to deliver a permanent world-class cultural venue at Printworks that builds on its globally acclaimed legacy.

“Combining the best of the capital’s culture with next-generation workspace at The Grand Press will create an unrivalled experiential destination, which generations will benefit from for years to come.

“Printworks had a tremendous impact on the UK’s cultural landscape, and its popularity over the past six years has demonstrated how important this multi-dimensional venue is to Londoners and visitors from all over the world who were drawn to its cutting-edge programming.”