INDUSTRY NEWS

Work on homes and London office space on Albert Embankment approved

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Lambeth Council has granted planning permission for work to begin on the construction of a trio of new tower buildings near the River Thames.

The three buildings are part of a mixed-use development set to be built on 20-21 Albert Embankment, replacing Hampton House.

The highest of the three towers is set to be 27-storeys in height, with the lowest standing 15-storeys in height.

Foster+Partners first received planning permission to carry out the work five years ago, but the site was then acquired by St James last year. The developer then looked at a number of ways to carry out significant improvements to the scheme.

Although St James have now shifted the focus of the buildings to be predominantly residential based, it will also offer 12,00o sq ft of London office space as well as space for a restaurant, bar, gym, pool and spa for its residents.

Foster+Partners senior partner, Grant Brooker, said: “We are absolutely delighted that 20-21 Albert Embankment has received planning permission.

“Working alongside our clients at St. James and with great support from Lambeth and the GLA, we hope to transform this important and highly visible site into a vibrant riverside community that sets a benchmark for the regeneration of this part of the river.”

Lambeth Council Leader, Councillor Lib Peck, added : “Developments like 20-21 Albert Embankment are essential to bringing new jobs, new affordable homes and inward investment into Lambeth which will secure our long-term economic growth.”

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.

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