Home Commercial Property £350m to be spent transforming Centrepoint into Covent Garden rival

£350m to be spent transforming Centrepoint into Covent Garden rival

by Deleted Subscriber Content
23rd Apr 12 12:15 pm

One of London’s original sky scrapers, the Grade 11 listed and much blighted tower block that is Centrepoint is to be transformed into a public square to rival Covent Garden.  

Built between 1963-1966, and designed by brutalist architect, Richard Seifert, the 34-floor tower is the current home to the CBI among others. Last year the property group Targetfollow bought it out of administration for £120m.

Now the developer, Almacantar, is to pump £350m into the tower and its surrounding area in a bid to rejuvenate it into a piazza comparable to nearby Leicester Square and Covent Garden.     

The development, due for completion in 2015, follows last week’s announcement that the first new theatre to 30 years is to be built in the West End.

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