Leading support services and construction company Carillion, has celebrated a key milestone in the construction of prestigious residential development NEO Bankside.
Overlooking the River Thames and St Paul's Cathedral, NEO Bankside is a new £400-million world-class residential scheme situated immediately adjacent to Tate Modern. NEO Bankside comprises 199 premium residences arranged over four state of the art pavilions set among richly landscaped gardens. The pavilions vary in height from 12 to 24 storys and offer a considered selection of one, two and three bedroom apartments and some duplex penthouses.
Carillion Chairman Philip Rogerson said: "We are delighted to have been involved with this project working with Native Land and Grosvenor, with whom we have a long-standing relationship, and are thrilled to see the development reach this landmark point."
Alasdair Nicholls, Chief Executive of Native Land commented: "By starting construction on NEO Bankside in 2009, it demonstrated the confidence that Native Land and Grosvenor has in London's prime residential market. I am delighted that on reaching this key milestone, our confidence has proven well founded as the development has received very high levels of interest. To date, out of the apartments released onto the market, over 70% have been sold."
Peter Vernon, CEO of Grosvenor Britain & Ireland added: "This is an important milestone for this iconic residential development and we are very proud to have played a part in the regeneration of this culturally important part of London. It is a great achievement to have created a new and inspiring place in the capital that appeals both to London and international buyers alike."
Carillion began construction in January 2009 and the development is due to be completed in phases through to 2012.