London Square has received planning consent for the conversion of the Westminster Tower office building into a high-end residential scheme.
The redevelopment of the building, which is located on Albert Embankment, will add three new storeys to the existing structure, resulting in a 17-storey building comprising 28 apartments and two penthouses.
The on-site amenity provision will include a 24-hour concierge service, a state-of-the-art fitness suite, a private cinema room and stylish resident lounges.
Jonathan Emery, chief executive officer of Aldar Development, said: “Since acquiring London Square last year, Aldar has supported the expansion of the company’s development pipeline, purchasing twelve new sites in prime areas of the city that will deliver thousands of new homes across all segments of the market in the coming years. Westminster Tower is one of the first developments launched by London Square following the acquisition and signals a move into the prime London market for the first time.
“Looking ahead, we are committed to sustaining the platform‘s growth through further strategic land bank acquisitions in line with our strong belief in the solid fundamentals of the London market and its future growth potential.“
Adam Lawrence, chief executive officer of London Square, added: “Positioned in one of the most globally recognised areas of the capital and destined to be an outstanding addition to London’s skyline, Westminster Tower will become a signature development for our business, reflecting our track record and expertise in the delivery of exceptional homes that will excite buyers within the prime residential market.”
