The Red Lion Court development will create 230,000 sq ft of offices, retail and open public space on the banks of the River Thames, adjacent to Borough Yards.
Designed by Bjarke Ingels Group, Red Lion Court has been designed to be net-zero in both construction and operation.
By reusing part of the existing building and prioritising low carbon and recycled materials, Landsec expects exceed London sustainability, biodiversity and energy efficiency targets.
It will target WELL Core Platinum and BREEAM ‘Outstanding’.
Landsec’s client team includes cost consultant Gardiner & Theobald, M&E engineer Hoare Lea and structural engineer AKT II.
Landsec’s pipeline in Southwark includes a cluster of green offices: The Forge, the UK’s first net-zero commercial building designed in line with the UKGBC’s framework, Timber Square, Red Lion Court and Liberty of Southwark.
Oliver Knight, head of workplace at Landsec, said: “Red Lion Court delivers a landmark office with restaurants, bars and cultural institutions like the Tate Modern on its doorstep.
“The space embraces its prominent waterfront position to provide a new workspace focused on wellness, flexibility and environmental responsibility.
He added: “The London market remains resilient, and through our work in Southwark, and more broadly across the rest of London and the UK, we are building a pipeline with optionality baked in – allowing us to bring products that offer the very best locations, amenities and sustainability credentials forward to the market at the most opportune time.
With The Forge nearing completion and progress being made on site at Timber Square, this approval at Red Lion Court will unlock the next stage of the one million sq ft green office cluster we’re developing in the borough.”