British Land’s share price has fallen 2.6% after Westminster council killed its Paddington tower plans.
The developer had hoped to win planning permission for “the final piece of the masterplan” for its 11-acre Paddington site, an 18-storey “terracotta” office block at Five Kingdom Street.
Westminster has told it to go back to the drawing board, saying the tower was “too high, bulky and with the wrong colouring”.
