INDUSTRY NEWS

TfL to turn headquarters into office space and housing

Transport for London have announced plans to convert their Grade I listed headquarters building into London office space and housing. Originally built in 1929, the building has undergone a number of refurbishments since.

Located at 55 Broadway, the art deco building is to be converted into around 89 flats and 1,300 sq. ft of office space. The plans, which have been given the green light by planning officers, also aim to increase space at St James’ Park Tube Station. Just under a quarter of the private flats will be made into affordable housing, with others comprising of luxury apartments. There are also plans for a basement swimming pool.

The sale comes as TfL announce aims of generating £3.4bn over the next 10 years. Developing private housing was seen as the most profitable way of utilising the building, which has now been described as unfit for purpose.

TfL, director of commercial development, Graeme Craig, said that the building’s redevelopment will generate “significant sums to reinvest back into the transport network”, with plans to use the money to improve the capital’s road and rail networks.

As the building is a listed site, there are restrictions as to the changes that can be made, with specific historical features being retained.

By: Kirsty MacGregor

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