British Land secures approval to redevelop Euston Tower

(Sharecast News) - Real estate developer British Land has been given the green light to redevelop the 31-storey Euston Tower into 560,000 square feet of workspaces and hospitality venues. The tower, originally completed in 1970, is located at its Regent's Place campus on Euston Road, an area home to a growing tech ecosystem.

The revised plans will retain 31% of the original structure but using a circular economy approach, cutting embodied carbon and creating a "building fit for the future".

The tower will comprise new workspaces across its 19,000 sq ft floors, 4,000 sq ft of restaurants and cafe spaces, with terraces overlooking a revamped public realm, as well as 8,000 sq ft of "enterprise space local entrepreneurs, start-ups and inclusive innovation", British Land said.

"We are delighted to receive planning consent for this incredible scheme - the first West End tower in a generation, and likely to be the last. This world-class building will provide the space for UK's greatest minds to turn research into real-world solutions," said British Land's head of development, David Lockyer.

"The tower is ideally located at our Regent's Place campus, where the Knowledge Quarter meets the West End, and where businesses can benefit from the great concentration of academic and research institutions between Harley Street and King's Cross."