Aviva Investors, the global asset management business of Aviva plc , has announced a commitment of over £100 million into London’s Southbank, acquiring two adjacent sites on Bermondsey Street, SE1, which it will co-develop alongside Sellar into a new, best-in-class office campus.
‘Bermondsey Yards’ comprises of two principal plots that include existing commercial buildings on Bermondsey Street and a former leather warehouse on an adjacent plot, which sits next to the popular Vinegar Yards open-air market. The development site is located directly adjacent to London Bridge Station, with the dynamic and cultural areas of London’s Southbank and Borough Market five minutes’ walk and the City of London approximately 15 minutes away.
As part of the agreement, Aviva Investors acquired the site from Sellar, who will act as co-developer with the two businesses working in partnership on development of the project. Under the scheme, Aviva Investors and Sellar will undertake redevelopment and selective renovation of existing buildings on the site.
The project will lead to the creation of high-quality mixed-use office campus and retail facilities, designed with the evolving needs of its occupiers front of mind. This will include putting the well-being at the forefront of the design, with a focus on creating flexible spaces and spacious environments. The campus-style collection of buildings will be further enhanced by boutique amenities, with the aim of creating an attractive set of surroundings to the complex and the immediate community.
Source : Company