Currently under construction, it has been announced that the Herzog & de Meuron designed first phase of the new development of Tate Modern will open in the summer of 2012. The launch will be part of the London 2012 Festival which will be the culmination of the Cultural Olympiad.

Phase 1 of the development includes the opening of the former power station’s spectacular Oil Tanks – enormous circular spaces over thirty metres across and seven metres high. These massive industrial chambers have lain unused since the power station was decommissioned. They are now being transformed into what promise to be some of the most exciting new spaces for art in the world. A further series of neighbouring galleries will provide a range of new spaces for works from the Tate Collection, including two raw concrete galleries and a unique steel-lined gallery. The Oil Tanks will also act as innovative social and learning spaces, as well as being equipped for a diverse programme of live performances and events, including a crush bar and full back of house facilities.