A development of one-bedroom apartments designed for wealthy seniors citizens is planned for London’s central Victoria area.
About 50 apartments, with a starting price £1.2 million, are to be carved out a justice ministry building on Horseferry Road and will be sold exclusively to the over 55s.
The block will include health-care facilities, as well as the usual leisure and beauty centres.
The development in Grenadier House is close to St James Park, the Victoria underground and main line stations and not far from Westminster and the houses of parliament.
Horseferry Road took its name from an important ferry that crossed the river Thames at this point in the 16th century. Throughout the 20th century is was the site of numerous government and civil service offices.
The building, which at present belongs to the Saudi Jameel family has been sold to retirement home specialist Pegasus which already has several such schemes outside London. It only has one in London, to the west of Shepherd’s Bush in Acton, but has plans to develop others in more centrally located areas. The apartments in Horseferry Road should be ready in 2019. The development has a price tag of €65 million.