Leo Noe’s REIT Asset Management and Apollo Real Estate Advisors have unveiled new images for their £118m redevelopment of St Katherine Docks in east London.
St Katherine’s Investments – the joint venture between REIT and Apollo – submitted a Gaunt Francis-designed masterplan for the 22.4 acre marina near to Tower Bridge, E1, to the London Borough of Tower Hamlets before Christmas.
In November, EG revealed that the centrepiece of REIT’s proposals would be the 15-storey St Katherine Point, which will house 71 apartments.
This week, St Katherine’s Investments said it also plans to convert Devon House – the current headquarters of the London Development Agency (LDA) – to a residential block overlooking the River Thames.
The LDA is relocating to Blackfriars Investments’ and Royal London’s Palestra scheme in Blackfriars Road, SE1.
REIT partner Martin Sheppard said: “These proposals will totally revitalise St Katherine Docks and will enhance the area for the local community, the City, Londoners and visitors for years to come.”
REIT said it plans to open up the area with improved entrances into the docks and by creating new boardwalks to improve circulation around the marina.
It will also redevelop Commodity Quay to offer new shops and restaurants with offices above.
International House will be converted at quay level into new shops.
The total scheme will include 300,000 sq ft of offices, 67,000 sq ft of shops plus 222,000 sq ft of homes, of which 35% will be affordable.
DP9 advised on planning. Knight Frank and Ingleby Trice Kennard are office agents; DTZ and EA Shaw are advising on retail; while Savills is residential agent.
References: EGi News 10/01/06
