Carillion to build £130m flats scheme beside Tate Modern

Carillion will this week start construction of a luxury residential £130m development adjacent to the Tate Modern art gallery in London.

The Native Land and Grosvenor joint venture, named Project Bankside, will also include some ground-floor retail space and is scheduled for completion in phases from late 2010 through to 2012.

The development will comprise 229 apartments, 32 of which will be affordable housing, in buildings ranging from five to 24 storeys. In total, the scheme will provide 28,000m² of accommodation, as well as 1,000m² of retail.

Carillion chief executive John McDonough said: “We are delighted to have been awarded this contract and look forward to working with Native Land and Grosvenor, with whom we have a long-standing relationship, to deliver this prestigious urban regeneration project.”