Former ITV Studios site set to provide creative industries boost

Developer Mitsubishi Estate has broken ground at its site on London’s South Bank, in a major boost for the UK’s creative industries sector.

Known as Vista, the £800 million project will provide 182,880m² of new commercial and cultural spaces, including 12,100m² of affordable workspace that is tailored to Lambeth’s emerging creative sector with new high-end offices, cultural venues, studios, gallery and presentation spaces.

The former ITV Studio site will also feature a cultural hub that will provide discounted rents for qualifying tenants, encouraging local businesses to start and grow.

Minister for Investment Jason Stockwood said: “This investment is a huge vote of confidence in the UK, as well as a major boost for our thriving creative industries, which we’re determined to make the best in the world.

“Mitsubishi Estate’s investment will empower the creative community in Lambeth and encourage businesses to grow, creating jobs and opportunities that will ultimately put more money in people’s pockets.”

Senior Executive Officer of Mitsubishi Estate Masanori Iwase said: “Vista marks the beginning of a new chapter for London’s South Bank — one that honours the site’s cultural legacy while delivering a modern, sustainable and inclusive workplace.

“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. We are grateful for the support of Lambeth Council, the Greater London Authority and UK Government.”