New retail and leisure opportunities on the South Bank are a bit like London buses: there are none for ages, then several come along at once.
Peter Courtney, director of Lunson Mitchenall, says: “These opportunities are very significant as provision of both retail and leisure is currently very poor. A tremendous amount of people are not being economically satisfied at all.”
Within the next few years that situation will change dramatically, as a raft of commercial and residential developments bring retail and leisure space with them. One of those already emerging at the eastern end of the South Bank is Berkeley Homes’ One Tower Bridge scheme, which will include up to 13 retail and leisure units totalling 34,000 sq ft. One of the three key river-facing units has already been taken by Ivy Brasserie (8,000 sq ft) indicating the tone of incoming tenants there.
Slightly further west the area around London Bridge may be something of building site now, but when Network Rail’s redevelopment of the mainline railway station is complete in 18 months, it will include 70,000 sq ft of new retail.
• Click here to read the full article.
• To send feedback e-mail lisa.pilkington@estatesgazette.com or Tweet @eglisap or @estatesgazette
