U+I’s £500m mixed use redevelopment scheme approved
Lambeth Borough Council’s planning committee has granted planning permission for a £500m redevelopment on the south bank of the Rover Thames, across from the House of Parliament.
The development at 8 Albert Embankment is being developed by U+I in joint venture with the London Fire Commissioner.
The old fire brigade site is to be redeveloped to create 145,000 sq ft of office, hotel and retail space, as well as 443 new homes, a new fire station and a London Fire Brigade museum. Construction is expected to start on site in 2021 and be completed by 2025.
Chief development officer Richard Upton said: “This publicly owned asset is one of too many that have sat redundant for too long. Our unique partnership with London Fire Brigade will breathe life and productivity to this heritage site on the River Thames. With more than 1,000 new jobs, a reprovisioned fire station, a fire museum and 40 per cent affordable housing our proposals will deliver huge social and economic growth for London. “
