In February 2005 the then owners
Capital & Counties Properties applied for planning permission with a design by
Make Architects to remodel the tower by extending it to 34 floors along with replacement buildings for the T-shaped building at its base. Permission was granted in July 2005. However no redevelopment took place. Capital and Counties sold the property to
Simon Halabi's Buckingham Securities in 2006 for a reported £80m. As part of their joint venture, CIT and Jadwa Investment purchased the property for £60m in 2010. In July 2011 CIT was awarded planning permission to convert the building to residential use along with additional mixed uses. The redevelopment of the building commenced in January 2013. Six new floors were originally planned to be added to the tower, increasing its height to around . The new tower was to house 173 apartments, with retail units to be built around the base and the existing podium building increased in height and transformed into new office space. In mid 2013, CIT requested permission to increase the tower's height by a further 5 floors (bringing the total to 11) which would bring the tower to . 18 additional apartments would be made available with this increase. The plans were approved by Southwark councillors on 16 July 2013. In September 2012 the joint venture secured £250m of funding from a consortium of Middle Eastern financial institutions. In 2015 the building was purchased by Hermes Central London Limited Partnership who commissioned TPBennett llp to carry out a CAT A fit out design for all of the commercial space, to redesign the retail frontages not already completed and to remodel the entrance to the central street and both of the office entrances. These works also incorporated a new 9 storey feature staircase suspended from the side of the tower building. The additional works were completed in 2017. ==See also==