Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Berkeley Group Wins Approval for Westminster Towers Development

Feb. 3 (Bloomberg) -- Berkeley Group Holdings Plc, the U.K.’s largest homebuilder by value, will develop two residential towers in London’s Westminster district, after winning approval from the borough.

Abell House and Cleland House will be demolished and replaced by 11-story and 12-story buildings, with apartments ranging from one to four bedrooms, according to a planning application submitted by Berkeley Group. The development was approved by the borough last night, Charles Begley, an external spokesman for Berkeley, said by e-mail.

About 275 apartments will be built at the sites on John Islip Street, where the Tate Britain museum is located.

Affluent overseas investors are buying residential real estate in the U.K. capital to protect wealth from economic and political unrest at home. Cobham, England-based Berkeley has benefited by concentrating on London and southeast, where house prices have been the most resilient.

To contact the reporters on this story: Chris Spillane in London at cspillane3@bloomberg.net. Neil Callanan in London ncallanan@bloomberg.net

To contact the editor responsible for this story: Ross Larsen at rlarsen2@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.