South Bank Tower
Address
Stamford Street, Southwark, London
Kings Reach Tower was acquired unconditionally with vacant possession in 2010.
Planning permission was granted within 13 months for 191 private apartments, 220,000 sq ft of offices and 50,000 sq ft of retail.
The works included extending the tower and podium buildings by an additional 11 and 3 storeys respectively. This was the first major transformation project of its kind at the time.
Pella has continued the relationship with the building and is currently working with Starwood Capital by enhancing the public realm, undertaking a phased refurbishment of floors and letting 46,000 sq ft to Kantar.


Timeline
2003: First appraisal and failed to acquire
December 2009: Second appraisal
June 2010: Acquired from receivership for £60m
July 2011: Planning Permission Granted with 6 extra floors on top of existing 30 storey tower
May 2012: Construction Commenced
August 2013: Second Planning Permission for a further 5 additional floors on top of the 6 already granted
June 2014: Commercial space sold to Hermes & CPPIB
August 2017: Final Apartments sold