Make way for One Waterloo – a new London landmark

We’re very pleased to announce that we have just achieved planning consent for One Waterloo in London.  

We initially gained a resolution to grant planning permission for what is currently known as Elizabeth House in October 2019. Now, after finalising agreements with Lambeth Council,  the scheme to be known as One Waterloo is set to become an approx. 123,000 sq m multi-purpose destination.    

At one with body and mind   

Located next to Waterloo Station in the heart of the South Bank, the development has a core focus on health and wellbeing, with the aim to meet WELL’s Platinum rating.   

There’ll be three acres of outdoor space across the site including a revitalised Victory Arch Square, the brand-new, more than 800 sq. m Waterloo Square, and ‘The Curve’ – a new pedestrianised street lined with shops and cafés.   

We’re contributing c. €5.2 million towards step-free access to the Underground at Waterloo Station. A 200m-long public garden promenade, two floors above street level, will create a scenic journey from the main station concourse into One Waterloo. Cascading terraces and gardens will give occupiers options for working, meeting, and relaxing, and an urban sky farm will offer ultra-fresh fruit and vegetables for workers too.  

At one with nature  

Our design for One Waterloo puts it among London’s most sustainable developments. Fossil-fuel free, it will use low carbon solutions throughout every project stage – including a plan to divert 98.8% of demolition waste from landfill.  

Excitingly, we’re targeting net zero carbon emissions in terms of its ongoing operation. This will be achieved through a ‘lean, clean and green’ strategy that includes a 35% reduction in energy consumption thanks to a Swedish, all-electric solution of integrated heat pumps and heat recovery. It’s initiatives such as these which, we hope, will help One Waterloo gain a BREEAM Outstanding rating.  

At one with the community   

The project has at its heart a commitment to add value for the local area. We’ll be creating affordable, bespoke workspaces; and Lambeth’s residents, businesses, social enterprises, and creative organisations will be able to access over €38 million - worth of membership discounts over 15 years.  

Plus, a tailored employment and skills strategy will build engagement with local schools and colleges, and improve opportunities for the local unemployed and younger residents with few or no qualifications.  

Ultimately, One Waterloo will be a ground-breaking new destination, underpinned by an outstanding user and visitor experience. A multi-purpose workspace and lifestyle venue driven by strategic connections – of neighbourhood, nature and health, sustainability, and the future workspace.