The Secretary of State has approved Mitsubishi Estate London and CO—RE’s redevelopment of the former ITV studios on South Bank.
The developers plan to transform the 10,117m2 site into a mixed-use development that prioritizes sustainability and wellbeing. The development will include a 25-story office building connected to two buildings of 14 and 6 stories. The plan includes affordable workspace tailored to Lambeth's creative industries, new cafes and restaurants, cultural venues, and open green spaces.
The scheme targets net-zero carbon in operation, BREEAM 'Outstanding' certification, and the highest WELL certification, Platinum, focusing on the well-being of workers. The development will also create new green spaces to boost biodiversity and reduce CO2 levels.
The plan includes 1,300 cycle parking spaces and high-quality end-of-trip showers, lockers, and changing facilities to encourage active travel to the site. The development will transform 40% of the site into a public realm, adding two new public squares, an active ground floor, several public walkways, and a new public rooftop restaurant and terrace. The public inquiry, ordered by DLUHC, was opened on December 6, 2022, and closed on January 25, 2023.
The London Studios at 72 Upper Ground is a cultural and innovation hub spread across the basement, ground, and first floors. The space offers c. 3,716m2 net affordable workspace for the creative industry sector. Creative organizations can use the space at discounts of up to 90% from open market rents. The London Studios provides a range of spaces, including rehearsal space, gallery, and presentation spaces, soundproofed studios, and education and training space. The most heavily discounted spaces will be reserved for not-for-profit organizations committed to supporting disadvantaged young people in the creative and tech economy. The space has been tailored to the needs of emerging creative industries through an on-site residency program with Lambeth-based organizations such as Black Cultural Archives, Iconic Steps, and Young Creators UK.
In a joint statement Shinichi Kagitomi, CEO of Mitsubishi Estate London and Stephen Black, Director at CO—RE: said “We are delighted to hear that DLUHC has approved our transformational plans for 72 Upper Ground and the South Bank. Through all stages of the planning process, there has been strong recognition of the fantastic addition that 72 Upper Ground will make to the South Bank and to London. Local young creative groups, Lambeth Council, the GLA and now DLUHC have all backed our proposals for a high-quality commercial and arts-led development befitting of one of London’s most famous destinations.
72 Upper Ground represents a £700m (€819m) investment in the UK, creating over 4,000 new jobs, and vital new workspace that prioritises sustainability and wellbeing. Crucially, it will benefit the local community through the London Studios, which will provide 40,000 sq ft (3,761m2) net of affordable workspace that is tailored to the needs of Lambeth’s emerging creative industries.”
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