Southwark Bridge Road scheme pivots from Landsec office plan to 18-storey hotel under Latium ownership

The development at 22–24 Southwark Bridge Road has been significantly revised following a change in ownership and strategy, moving from a consented office-led scheme originally brought forward by Landsec to a hotel-led redevelopment now under developer Latium.

The original £200m office scheme, designed by Orms, received unanimous planning approval from Southwark Council in early 2025 and was intended to deliver approximately 141,000 sq ft of Grade A office space.

However, following weaker office pre-let demand and a strategic withdrawal from the scheme, the development was not taken forward and the site was subsequently sold to Latium.

A revised application was later approved in March 2026, confirming an 18-storey hotel-led redevelopment operated by AKO.

The updated scheme includes partial demolition of the existing 1980s office buildings, with retention of key structural elements including foundations and lower ground floors. The design adopts a retention-led construction approach focused on reducing embodied carbon and improving build efficiency.

Once complete, the scheme will deliver an 18-storey hotel with upper floors dedicated to leisure facilities including a sky bar, lounge, spa and gym.

🧠 ConstructNet Intelligence Layer

🧭 Project stage insight

• Current phase: enabling works and hotel conversion strategy

• Delivery model: adaptive reuse with partial structural retention

🔧 Likely opportunity areas

As the scheme progresses, subcontract opportunities are expected across:

• Structural demolition and façade retention works

• Concrete repair and structural strengthening

• Steelwork and vertical extension packages

• Curtain walling and façade systems

• Mechanical & electrical installation (hotel specification)

• High-end internal fit-out (rooms, suites, leisure areas)

• Roofing and waterproofing systems

• Specialist hospitality fit-out packages (spa, gym, bar areas)

📊 Commercial insight

This scheme reflects a wider central London trend where consented office developments are being re-evaluated or repositioned due to softer leasing conditions, with hospitality-led uses becoming increasingly attractive in repositioned urban assets.

Retention-led construction approaches are also becoming more common due to embodied carbon pressures and cost efficiency benefits.

Contractors with experience in complex refurbishment and hotel delivery are well positioned for similar schemes across central London.

🔎 Market signal

This project is part of a broader pattern of office-to-hotel conversions across the Southwark and London Bridge corridor, where older commercial assets are being repositioned under new ownership structures to reflect changing demand dynamics.

⚠️ ConstructNet Disclaimer

This ConstructNet intelligence brief is based on publicly available planning and development information and ConstructNet analysis. It is provided for business development and market awareness purposes only and does not constitute professional, financial, or procurement advice. Users should independently verify any information before making business decisions.