Westminster City Council have approved a planning application from Alchemi Group for a site at 33 Horseferry Road which will comprise 160 new-build homes, with two new private residential buildings providing 122 apartments plus a third building at the west of the site offering an additional 38 affordable homes..

The 281,000 sq ft development also includes an improved retail offering at ground floor, communal gardens and 97 parking spaces.

Charlie Baxter, Managing Director and co - founder of Alchemi Group, said: "We're excited to receive planning permission for this important site in Westminster. The scheme will not only support the longer term revitalisation of the area, but will create a substantial number of new homes, including a significant element of much needed affordable housing."

33 Horseferry Road was purchased in October 2013 through a company formed for the transaction, GMN No. 2 Limited. The Blackstone Group International Partners LLP provided £65 million of debt finance with the balance being funded by investor equity.