A formerly unloved part of London that was a grubby centre for heavy industry is to be transformed over the next decade by soaring towers and more than 16,000 homes.
A report today shows the dramatic transformation planned for South Bank, the stretch of the Thames that runs from Tower Bridge to Battersea Power Station.
CBRE, the property consultant, said that 27 schemes in the planning pipeline would provide about 16,300 homes by 2023. Of these, 2,500 would be designated as affordable housing.
The proposed schemes include large residential towers in Waterloo and Vauxhall — where Dalian Wanda group of China is planning to build Europe’s biggest residential skyscraper — as well as thousands of homes at a redeveloped Battersea Power Station.
New embassies are