London car park of "sublime beauty" at risk of demolition
A monumental car park building close to London's Oxford Street is being sold, meaning it could now be demolished to make way for a new hotel.
Featuring an elaborate facade of prefabricated concrete diamonds, the Welbeck Street car park was once selected by architect and Dezeen columnist Sam Jacob as one of the most important unsung buildings in the capital.
Related story: Brutalist seminary to be resurrected in 2015 after 25 years of neglect
But the Brutalist-era building is now being sold to developer Shiva Hotels in a reported £100 million deal, putting it at risk of demolition.
The 1970s structure had recently been denied a listing from government heritage body Historic England, and was put up for sale by previous owner LaSalle Investment Management shortly afterwards. Welbeck Street car park was designed by Michael Blampied and Partners in 1971 for department store Debenhams. Photograph by Artur Salisz
The site had been valued at £30 million at the end of 2014. But a recent report from property company Pastor Real Estate named it as one of 18 London car park sites with potential to increase in value by 300 per cent.
"The car park on Welbeck Street provides an annual return of £109.5 million for its 360 spaces, whilst a residential scheme located on the prime Marylebone site has the potential to be worth £406 million," reads the report.
Designed by architecture office Michael Blampied and Partners, the multi-storey car p...
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