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
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