Northern Ireland construction firm, McAleer & Rushe, has commenced work to build the £138 million Southbank Place Building 5 development.

This is the final phase of the Southbank Place development and Shell Tower Masterplan on London's South Bank.

Located just 100 metres from the London Eye, Building 5 defines the corner of the masterplan site.

A mixed-use development set within the South Bank Conservation area, the masterplan is being undertaken by Braeburn Estates, a joint-venture between Qatari Diar Europe and Canary Wharf Group.

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The 13-storey building, above two basement levels, at Belvedere Road will, provide 92 apartments, as well as a further 18,600 sq. ft. of retail space to benefit the public realm and existing retail offering in the area.

Jonathan O’Neill, Senior Director at McAleer & Rushe said: "We are thrilled to have been entrusted with the delivery of the final development phase of Southbank Place, a standout riverside development overlooking Central London, Big Ben and Houses of Parliament, making it one of the most desirable prime residential schemes in the city.

"The project demands a top level of expertise and experience with detailed high specification schemes, which is an excellent fit for our long-standing reputation in the hotel and residential sectors and further reinforces our position as one of the leading construction partners for significant schemes in London."