Overlooking the River Thames, some of these luxury apartments can fetch $22 million.
Formerly the headquarters of Imperial Chemical Industries, 9 Millbank now houses luxury apartments such as the Gainsborough. Valued at £18 million ($22 million), the property offers views over Lambeth Bridge.
With a wraparound terrace and an original stained-glass window, the renovated home is fit for the grandest of clients.
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Earlier this year, the Raffles London hotel opened in the Old War Office. After a £1.4 billion ($1.76 billion) renovation, some of the suites—including Winston Churchill’s old office—are available for £25,000 a night.
The renovation took seven years and the five-star luxury hotel officially reopened on September 29. It now has 120 rooms and suites, 85 private residences, and nine restaurants. The penthouse in the residential area of the hotel could go for £100 million.
There’s limited space to build in London these days, which is why developers are setting their sights on these historic buildings. Even when more challenges and higher costs come with working with landmarked properties.
“American clients have been loving the history and charm of some of these older buildings,” property agent Will Watson told Bloomberg.
In Chelsea, the Lots Road Power Station which once powered the London Underground is also under development. It will soon become a residential address next year. The cost of the flats range from £1.7 million to £15 million.
According to the Powerhouse Chelsea Waterfront website, the property will include a 20-meter swimming pool, jacuzzi, sauna, riverfront restaurant, state-of-the-art fitness center, and wellness facilities.
Meanwhile, on the edges of Westminster, the Whiteley was once one of London’s first department stores. It’s currently being converted into luxury apartments that start at £1.5 million.
The Whiteley will also be home to Six Senses Place, which is “a new kind of social club where wellness, community, and celebration meet,” according to its website. The brand believes in holistic treatments and champions sustainable practices as well.
Alex Michelin, founding partner of the developer Finchatton, told Bloomberg, “You can buy a glass tower anywhere. But when you move into the Whiteley, it’s clear you’re in a historic building in London.”
Banner image via Instagram @raffleslondon.theowo.
Frequently Asked Questions
The Gainsborough is a luxury apartment at 9 Millbank, the former headquarters of Imperial Chemical Industries. Valued at £18 million ($22 million), it has a wraparound terrace, an original stained-glass window, and views over Lambeth Bridge.
Raffles London at the Old War Office reopened September 29, 2023, after a seven-year, £1.4 billion renovation. It has 120 rooms and suites, 85 private residences, and nine restaurants; Winston Churchill’s old office suite costs £25,000 a night.
Lots Road Power Station, which once powered the London Underground, is becoming Powerhouse Chelsea Waterfront, with flats ranging from £1.7 million to £15 million. Amenities include a 20-meter pool, jacuzzi, sauna, riverfront restaurant, and fitness and wellness facilities.
The Whiteley, once one of London’s first department stores on the edge of Westminster, is being converted into luxury apartments starting at £1.5 million. It will also house Six Senses Place, a social club for wellness, community, and celebration.
With limited space to build in London, developers are targeting historic buildings despite higher costs and challenges with landmarked properties. Property agent Will Watson says American clients love the history and charm of these older buildings.
