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Bankside: designed for our lives today article

Published: 07/10/2020

The Evening Standard Homes & Property article, Wednesday 7th October 2020

Riverside homes with balconies near Tate Modern come with social and co-working space, discovers Ruth Bloofield

From £750,000: homes at the new £400 mil­lion Trip­tych Bankside scheme all have bal­conies and the fin­ished de­vel­op­ment will of­fer cinema, cafés, com­mu­nal gar­den and co-work­ing space. With land­mark views, Trip­tych Bankside is just a 10-minute walk away from the City (trip­ty­ch­bank­side. com)

BANKSIDE, a one-and-a-half mile stretch of the south bank of the Thames with Tate Mod­ern dom­i­nat­ing the sky­line, is rapidly gain­ing tall and el­e­gant neigh­bours for the gallery, turn­ing this busy, colour­ful area into a res­i­den­tial hub.De­vel­op­ers need to bear in mind the changes that Covid-19 is im­pos­ing on buy­ers who are now seek­ing homes and neigh­bour­hoods to sup­port their work-from-home lives. Lon­don­ers ex­pect flats with lots of well-de­signed in­side and out­side space, gen­er­ous land­scaped areas for so­cial gath­er­ings and cru­cially, com­mu­nal workspace, in case they have to hun­ker down for weeks or months on end.

A stone’s throw from Tate Mod­ern is newly launched Trip­tych Bankside (trip­ty­ch­bank­side.com), where London ar­chi­tects Squire & Part­ners are ahead of the game. Each of the 169 homes within three wavy-fronted blocks of nine, 16, and 18 storeys has a pri­vate bal­cony. When com­pleted in 2022, the £400 mil­lion scheme will have a com­mu­nal gar­den, on-site gym, pri­vate lounges, games room, co-work­ing space and cinema. There will be of­fices, in­de­pen­dent cafés and shops and a cul­tural fa­cil­ity, all a 10-minute walk to the City.

Prices start at £750,000 for a stu­dio flat, with pent­houses start­ing at £9,715,000. “The early in­ter­est has been great, 18 apart­ments sold im­me­di­ately,” said Ju­raj Marko, man­ag­ing di­rec­tor of de­vel­oper JTRE London. “This demon­strates the ap­petite that buy­ers have for the area and a scheme that can pro­vide great de­sign, all in a prime lo­ca­tion.” Nick Pearce, MD of estate agents Circa London, shares Marko’s op­ti­mism about Bankside, as in­vest­ment pours into the area. Work has just fin­ished at 50-storey res­i­den­tial tower One Black­fri­ars just south of Black­fri­ars Bridge, and work has just be­gun on £1 bil­lion Bankside Yards, set to join Bankside and the South­bank, cre­at­ing a spec­tac­u­lar new sky­line. This project in­cludes a 49-storey tower with 240 homes and an of­fice build­ing. A row of 14 ex­ist­ing rail­way arches will be ren­o­vated with new shops and res­tau­rants by 2022.

The sec­ond phase of de­vel­oper Na­tive Land’s project will add more homes, a ho­tel and new open space in­clud­ing a stair­way to the river­front mak­ing it pos­si­ble to walk along the Thames all the way from the London Eye to Tate Mod­ern and be­yond. “It is go­ing to be un­recog­nis­able,” said Pearce.

Work­ers in the City and around Water­loo who are keen to live nearer their of­fices, wel­come th­ese homes and are be­ing joined by re­tirees who enjoy the bright lights, plus over­seas in­vestors buy­ing for chil­dren study­ing in London. New flats dom­i­nate, with the oc­ca­sional ware­house scheme and a hand­ful of whole houses. Prop­erty costs an av­er­age £1,100 to £1,600 per square foot, al­though a new home with a river view could well top £2,000.

As well as ex­cel­lent trans­port links from Black­fri­ars, South­wark and Water­loo sta­tions, Bankside has fan­tas­tic cul­ture. The post-war re­birth of for­mer in­dus­trial Bankside has been very much arts-led. The mod­ern reconstruction of the orig­i­nal Globe opened in 1997. Three years later Tate Mod­ern opened in a for­mer power station and is now Bri­tain’s most vis­ited gallery or museum.

In 2004 a for­mer con­fec­tionery plant be­came the hugely pop­u­lar off-West End the­atre, the Me­nier Cho­co­late Fac­tory. The Tate has been ex­tended with a 213ft pyra­mid­shaped tower, fash­ion­able bars and cafés. South­bank Cen­tre goes from strength to strength — and Bankside Yards will bring in the shops.