South Bank Tower
Template:EngvarB Template:Use dmy dates Template:Refimprove Template:Infobox building South Bank Tower (formerly King's Reach Tower until 2013<ref name="LondonSE1_03Mar2013" />) is a high-rise building in Stamford Street, Southwark, London. It is a thirty storey structure Template:Convert high and was completed in 1972,<ref name="Building_01Jun07" /> designed by the architect Richard Seifert and built by John Laing Construction Limited. Template:Asof, the tower is undergoing extensive redevelopment.
The tower is a Brutalist-style building that was common at the time of its construction. The tower is similar in design to Tower 42, which was designed by the same architect.
The tower was the headquarters of IPC Media, one of the biggest publishing companies in Europe. In the late 1970s, the tower became part of the mythos surrounding the British comic 2000 AD, published by IPC, and the building was depicted as home to the 'Nerve Centre' of its alien editor, Tharg. IPC moved to the Blue Fin Building in nearby Bankside in 2007.
In February 2005 the then owners Capital & Counties Properties<ref name="Capco_07Jul05" /> applied for planning permission with a design by MAKE Architects to remodel the tower by extending it to 34 floors along with replacement buildings for the T-shaped building at its base.<ref name="Planning_application_05-AP-0227" /> Permission was granted in July 2005.<ref name="LondonSE1_07Jul2005" /> However no redevelopment took place.
Capital and Counties sold the property to Simon Halabi's Buckingham Securities in 2006 for a reported £80m.<ref name="Building_01Jun07" />
As part of their joint venture, CIT and Jadwa Investment purchased the property for £60m in 2010.<ref name="Building_16Jun2010" /> In July 2011 CIT was awarded planning permission to convert the building to residential use along with additional mixed uses.<ref name="LondonSE1_20Jul2011" /> The redevelopment of the building commenced in January 2013. Six new floors were originally planned to be added to the tower, increasing its height to around Template:Convert. The new tower was to house 173 apartments, with retail units to be built around the base and the existing podium building increased in height and transformed into new office space.
In mid 2013, CIT requested permission to increase the tower's height by a further 5 floors (bringing the total to 11) which would bring the tower to Template:Convert. 18 additional apartments would be made available with this increase. The plans were approved by Southwark councillors on 16 July 2013.<ref name="Standard_18Jul2013" />
In September 2012 the joint venture secured £250m of funding from a consortium of Middle Eastern financial institutions.<ref name="Out-law_26Sep2012" />
- Tall buildings in London