London's Ugliest Building Goes Up For Sale For £50m
Monday 23th June 2014
One of London's ugliest buildings is up for sale - for a cool £50m.
The 15-storey Keybridge House on South Lambeth Road, described by critics as "forbidding" and "Britain's ugliest office", is owned by BT and was once a telephone exchange.
The Vauxhall eyesore is expected to be turned into luxury flats and is expected to raise £50m-£100m on the market.
Earlier this year, BT won planning permission from Lambeth Council to redevelop the site, replacing the building the five tower blocks, over twice the current height, as well as a primary school.
They now plan to sell it with the designs - by Allies and Morrison - in place, but any buyer will not be bound by the plans.
Keybridge House was originally built in 1975 for the Post Office, on the site of a fishpaste factory. It was then purchased by BT and used as a telephone exchange, although rumours have regularly circulated that it was used by MI6 spies.
It is part of one of London's biggest regeneration projects in Nine Elms, which includes the redevelopment of Battersea Power Station.