A LANDMARK office building at 1 Trafalgar Square in London’s West End is set for a makeover under plans for a £15m refurbishment of the site.
Property firm Wainbridge said yesterday it will start the first phase of the revamp next month on behalf of its Russian owners, who bought the office block from an investment arm of Dubai World in 2010 for £173m.
One Trafalgar, which was previously known as the Grand Buildings, was built in 1988 as a replica of the ex-Victorian hotel called The Grand, which was knocked down after suffering structural problems.
Its tenants include National Grid, Reed Elsevier and Pramerica and it is also home to retailers and restaurateurs on the ground floor including Waterstones and Prezzo.
Wainbridge, which is acting as asset manager for 1 Trafalgar, said the overhaul will create new restaurant space, a double height atrium and 12,000 square feet of additional offices increasing the overall space to 223,000 sq ft.
The refurbishment is expected to be completed in May 2014.