London is home to some of the most iconic buildings in the world, such as Tower Bridge, Big Ben and the Houses of Parliament, St Paul’s Cathedral, and the Shard. You can also include the BT Tower on that list. Incredibly though, the latter could have a brand new lease of life in the future. The Grade II landmark could become a hotel and more. Let’s have a look at the plans here, then if you need guaranteed rent in Camden or other parts of London for assets, you can rely on us.
History
The BT Tower has a really incredible history. It became the tallest building in London when it was finished in 1964 (construction began in 1961). Amazingly, it had the title until 1980. Although it doesn’t even make it on to the top ten anymore, it is still a massive part of the skyline.
For decades the tower was crucial for communications. Then, in 1966 parts became open to the public. It quickly established itself as a popular attraction, offering a restaurant, a shop, and viewing galleries. Unfortunately it got worldwide attention in 1971 because of a bombing. Since then it has had sporadic use for events, with the restaurant closing in 1980. It became the focus of redevelopment plans after BT Group sold to MCR Hotels in 2024.
Plans
Initially MCR was working with Heatherwick Studio to convert the BT Tower into a hotel. However, Orms has taken over as the lead. We can now get an idea of the plans from a second public consultation. They could have a big impact on the building and the wider area. Speak to us if you need help with investments and guaranteed rent in Camden.
There are some really interesting ideas for the redevelopment. The core will still be a hotel, offering guests the chance to stay in a landmark building in a fantastic part of London. There could even be rooms in the tower on floors 7-23. Other rooms would also be created in the Howland Building following restoration and a four storey extension.
Another key detail is the plan to build an infinity pool on the roof of the podium building. It could become a fantastic asset for the area, usable by hotel guests as well as local residents and visitors.
It doesn’t stop there either. The project would mean the tower once again has a visitor viewing experience. This time though it would be a revolving observation deck at the top. There would also be new retail space and a public plaza.
It’ll be wonderful to see what happens next. The estimate is we could expect a planning application this autumn. It will then be up to Camden Council to make a decision.
Interested in guaranteed rent in Camden?
There are many fantastic areas in London, but Camden stands out for a number of reasons. It’s a hotbed for culture, has great nightlife, offers lots of green space, has excellent transport links, and delivers a strong community network. Not surprising, countless people want to live in the borough.
Investors should definitely take note of Camden and all the exciting projects in the works. They will make it even more attractive in the future. They could make assets even more valuable and increase demand for rentals. At the same time, remember you can secure your income with guaranteed rent in Camden.
Contact us today if you want any help with properties in Camden or other parts of London. We specialise in guaranteeing rent but also offer support with management and more.
