Richard Rogers reappointed to Bankside 4

Clan Real Estate and Grosvenor bought the site between Southwark Street, Sumner Street and Holland Street from Land Securities last October for £24.5 million.

Richard Rogers Partnership had also prepared designs for the site's previous owner, Land Securities.

Native Land, which is a 50% shareholder of Clan Real Estate with its partners Buccleuch Properties, is managing the project for the joint venture.

"Bankside 4 is situated in one of the capital's best known locations," comments Native Land chief executive Alasdair Nicholls. "We have asked Richard Rogers Partnership, who enjoy a world class reputation, to look at ways in which we can bring the site forward. We are aiming to begin consultation with local residents this summer."

Andrew Morris, director of the Richard Rogers Partnership (RRP), added: "The Bankside area has, in recent years, gained a reputation for developments based on high quality design. We are confident that Bankside 4 will deliver a scheme that will make a significant contribution to this key regeneration location."

A planning application for the scheme will be submitted towards the end of 2006.

• In 2000 RRP developed a masterplan for the area surrounding Tate Modern.