Unite eyes Nine Elms resi tower

Student housing group Unite is in discussions to acquire the Belmont Tower luxury residential development in Vauxhall, SW8. The site’s private investor owner is exploring a sale to a developer which would result in a change of use from residential to student accommodation, despite the site's allocation for residential development in the local plan. Current plans for the £300m scheme comprise 278 flats in a 36-storey tower between residential projects Vauxhall Sky Gardens and Keybridge House. London developer Alchemi bought the site in 2015 for £15.2m from K2 Properties and Network