British Land seeks planning consent tweak to remove Knowledge Quarter restriction at £1.5B Euston Tower

Camden Council planners have recommended allowing the removal of the Knowledge Quarter restriction, arguing it would not affect the total amount of Class E office floorspace and would still deliver significant employment and economic benefits. The planning committee was scheduled to consider the application on Monday April 13. British Land has argued that removing the clause is necessary to attract investors and occupiers, while clarifying that the building will still be suitable for Knowledge Quarter uses - the restriction simply would not be mandatory. Alongside the Euston Tower, British Land is delivering over 300,000 sq ft of offices and lab space at 1 Triton Square with Royal London Asset Management, reinforcing its commitment to the Regent's Place campus. Savills was appointed to source a JV partner for the Euston Tower redevelopment last year.