Government overturns Islington's block on 39-storey Derwent London tower
Derwent London has been granted planning consent for the 400,000 sq ft scheme in London’s East End
Derwent’s scheme at it’s City Road site at Old Street roundabout, which totals more than 410,000 sq ft, was refused planning consent in August 2007 by Islington council.
The decision was appealed, and now the secretary of state for communities and local government has granted consent.
A 39-storey residential tower, containing 250 apartments, and an adjacent office building can now be developed on the site.
But Derwent said it might not start work on the development yet.
Existing buildings on the site, totalling 178,000 sq ft, are income producing and Derwent said it will monitor the current market conditions before deciding whether to proceed