Hermes and CPPIB submit planning application for South Bank Central

Hermes Investment Management, the £30.1 billion manager focused on delivering superior, sustainable, risk adjusted returns to its clients – responsibly, and Canada Pension Plan Investment Board (CPPIB), a professional investment management organisation that invests on behalf of 18 million Canada Pension Plan contributors and beneficiaries, have submitted a planning application for the commercial elements of South Bank Central.

The application, which follows a period of planning consultation, is aimed at improving the quality and visibility of the entrances and upgrading the internal design layout to meet modern occupier requirements. Under the proposals, future tenants will benefit from 24 hour office access and a new accommodation stair to enhance access between office floors

Designed by tp bennett, the proposals also include an active retail frontage, a roof terrace and an improved public realm to create a new sense of place at South Bank Central.

The proposals follow Hermes Investment Management and CPPIB’s purchase of the commercial elements of South Bank Central in 2014. If approved, the scheme is due to finish by the end of 2016 and will comprise of circa 269,000 sq ft of office and retail space.

Stephen Bradley, Asset Manager, Hermes Real Estate, said:

“The current plans show some really exciting developments for South Bank Central. Upgrading the internal design and layout will make the space even more pleasant for tenants and will help to transform the area for local people and visitors. South Bank is fast gaining momentum as an area of choice for both residential and commercial occupiers alike and our partnership with CPPIB at South Bank Central puts us right in the heart of it.”

Acting as lead architects and planners for the scheme, Chris Bennie, Principal Director of tp bennett said:

“South Bank Central will attract occupiers who are seeking state-of-the-art offices within a thriving, new mixed use development. Our proposals, which include more generous and visible office receptions and a widened entry to the internal street, will create a more attractive environment with an enhanced sense of place at the heart of the whole scheme.”