The scheme being delivered by main contractor Multiplex is one of the biggest new-build projects to get underway this year in the Capital.

Known as Vista at 72 Upper Ground, the 640,000 sq ft redevelopment of the former ITV Studios site is due to open its doors as a office and cultural centre in 2029.

Designed by Make Architects, the ‘commercially led’ mixed-use development will deliver a 25-storey office tower connected to two smaller buildings of 14 and 6 storeys on a substantial podium building.

The design also features external terraces and balconies overlooking the Thames, and a new public rooftop restaurant and terrace, as well as transforming 40 per cent of the site into public space.

Buildings will be all-electric, while targeting net zero carbon in operation along with BREEAM ‘Outstanding’.

A 6-storey podium will support the two office buildings and create a rooftop garden

Masanori Iwase, senior executive officer of Mitsubishi Estate, said: “Breaking ground at Vista marks the beginning of a new chapter for London’s South Bank.

“We understand and respect the responsibilities that come with being a major investor in London, and it makes us very proud to demonstrate what can be achieved when working with local government and communities to achieve a shared vision. “

Bradley Baker, Chief Executive of CO—RE, added: “This is a new cultural and commercial destination that will open up the riverfront, support Lambeth’s creative economy, and set new benchmarks for sustainability and wellbeing.

“We’re proud to be leading the delivery of this landmark scheme in partnership with Mitsubishi Estate, and grateful for the support of our design and construction teams, who have helped bring this vision to life.”

The groundbreaking ceremony brought together senior figures from across government, international investment, and the project team, including (above) Hiroshi Suzuki, Ambassador of Japan to UK.