British Land has lodged plans for the redevelopment of London's Euston Tower, as an 835,000-square-foot, 32-storey offices and lab space development targeting life sciences, tech and innovation tenants.
The tower was built in 1970 and has been vacant since 2021, with British Land working up proposals to create a "world leading science, technology and innovation building" and public realm for Camden and the nearby "Knowledge Quarter" cluster of science and research groups.
The plans increase the size of the building on the site from 517,302 square feet of principally offices. The new building breaks down to 232,532 square feet of lab-enabled space across floors four to 11, 31,137 square feet of accelerator lab space on the third floor, 500,163 square feet of offices, and around 30,000 square feet of retail and food and beverage on the ground floors.
The real estate investment trust says its plans form part of a long-term plan to invest in and improve the wider Regent’s Place business, retail and leisure campus by Warren Street station.
The plans have been drawn up by Danish architecture practice 3XN GXN supported by London-based architecture and landscape design studio DSDHA.
BL says the plans include an "innovative public use space" that it is calling the “Neighbourhood Innovation Lab”, that will be a facility which crosses the "open qualities of a community centre with the applied approach of a research lab". It says that it will be a creative social space for local communities to work together on shared challenges.
The REIT says the building will be a net zero tower and integrates innovations in material reuse and construction and "takes full responsibility" for residual emissions. It will retain the building’s reinforced concrete foundations, basement structure and reinforced concrete central core. The building will be net zero in construction and operation, with all-electric heating and cooling.
The workspaces will be "pioneering" and cater for organisations of different sizes.
It has been in discussions with Camden council about an offsite housing development at 7-9 William Road to provide nine affordable units but said it has now been concluded there is a potential to deliver more affordable housing within the borough, through a payment in lieu via a Section 106 legal agreement.
The proposals include public realm and civic space
David Lockyer, Head of Development, British Land, said in a statement with the submission: “Thank you to everyone who has contributed their time and ideas to shape the plans for Euston Tower over the past year. We are immensely grateful for all the input and are proud of the scheme we have developed together, which will deliver a reimagined Euston Tower that responds to local aspirations and opportunities. We will keep the local community and stakeholders up to date on progress and look forward to the proposals being considered by Camden in 2024.”