British Land has launched a search for a joint venture partner to deliver the redevelopment of Euston Tower in London’s West End.
In March, British Land secured planning consent to redevelop Euston Tower into circa 560,000 sq ft of sustainable workspace.
The 31-storey tower, which is located at British Land’s Regent’s Place campus in the heart of London’s Knowledge Quarter, will comprise 19,000 sq ft floor plates, offer 360-degree views across Central London and provide terraces and shared amenity spaces.
Oliver Fursdon, head of London commercial development at Savills, which has been appointed to market the opportunity, said: “The redevelopment of the iconic Euston Tower is a one-off chance to create a lasting legacy on the London skyline. Partnership with British Land offers the opportunity to capitalise on a derisked planning position and to deliver the best-in-class product that today’s leasing market demands.”
Oliver Bamber, director of Central London and international investment at Savills, added: “The opportunity to invest in the future of such an iconic building doesn’t come around often, and the consented proposals demonstrate the ambition of Regent’s Place. The West End office market is thriving and demand for best in class space will continue to increase over the next five years, making Euston Tower a highly attractive opportunity for British Land and its new partner.”
