By continuing to use the site you agree to our Privacy & Cookies policy

Your browser seems to have cookies disabled. For the best experience of this website, please enable cookies in your browser.


Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.


Simpson's Blackfriars tower in doubt

The future of Ian Simpson Architect’s 52-storey skyscraper project on London’s South Bank is hanging in the balance after the project was put into administration

It is understood the Royal Bank of Scotland has appointed administrators to the One Blackfriars Road project - a join venture between Liverpool-based Beetham Holdings and Russian property company Mirax, headed by property tycoon Sergei Polonsky.

The £500million tower scheme, which was originally 70-storeys but was re-designed in 2006 following criticism from CABE, included 64 luxury flats and a 261-bedroom Jumeirah hotel.

According to the Financial Times administrators BDO Stoy Hayward were called in ‘following the breakdown of the relationship between RBS and Beetham’s Russian partners’.

Although Beetham is hoping to take the outfit out of administration, the site could be sold on with a price tag of £150 million being mooted.

The news comes less than 24 hours after it emerged work is now about to begin on Rafael Viñoly’s £500 million Walkie Talkie tower following a deal struck between Land Securities and Canary Wharf Group.




Have your say

You must sign in to make a comment.

Related Jobs

Sign in to see the latest jobs relevant to you!

The searchable digital buildings archive with drawings from more than 1,500 projects

AJ newsletters