As part of the Bankside Yards masterplan, Mandarin Oriental Hotel Group has inked apre-development hostel operation agreement for a new luxury hostel and ingrained places.
The overall property is being developed by an transnational real estate institute including Hotel parcels Limited, Native Land Limited and Amcorp Properties Berhad.
Both the hostel itself and the wider Bankside Yards neighbourhood are designed by PLP Architecture.
Slated to open in 2028, Mandarin Oriental Bankside is the group’s third London hostel. The property has planning concurrence, which was attained in December 2020 by London- grounded inventor Native Land on behalf of SHL. Subject to final emendations, the hostel will feature 171 guestrooms, and 70 ingrained places.
The hostel will profit from being part of what’s planned to be the UK’s first operationally fossil energy-free major mixed- use development.
Bankside Yards Development
Mandarin Oriental Bankside is part of the wider Bankside Yards development, which is centred around the major road bends that run through the heart of the point. The rail viaduct and its distinct bends are to be “ converted in a manner that celebrates their spatial rates ” according to mastermind PLP.
As well as the Mandarin Oriental Bankside hostel, the offer also considers Falcon Point, a domestic structure with ground- position retail and artistic uses as well as the Author’s Arms public house.
Construction of the first phase at Bankside Yards, known as Western Yards, started in late 2019, including new office structure Arbor. It’s hoped that this masterplan will produce a significant destination quarter and gateway for the city of Southwark.