West End listed offices win resi consent

Property Week

Queensgate Investments has won planning consent to convert two listed West End offices into residential schemes.

The investor obtained 33 St James’s Square and 79 Pall Mall as part of its £260m acquisition of serviced office group London Executive Offices Group in 2013.

It has now received consent from Westminster City Council for luxury flat conversions at the two Grade II-listed buildings.

At 33 St James’s Square, Queensgate has consent for 23 residential units, including a new 11-storey extension, off-street parking and pool.

It has also received the green light to convert the five-storey 78-79 Pall Mall into eight residential units, with a three-storey extension. Both buildings are currently used as prime serviced offices.

Queensgate was formed by Jason Kow and LJ Group in 2012, with £500m of equity.