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Brighton’s ugliest building may be turned into the proverbial swan thanks to efforts by city council authorities if the confusion over its ownership is cleared any time soon.

The Anston House located on Preston Road is considered an unsightly structure here and it made it into the list of sites to developed prepared by the Brighton and Hove Economic Forum and Brighton and Hove City Council.

Plans of developing the building into residential spaces and desk space Brighton in a multi use structure may come to naught if the ownership issue is not sorted out.

The building was originally bought by Bridgetown Properties in 2007 for £10.5 million, which was a huge sum given the size of the property back then. The property company failed during recession and no longer exists. The primary creditor was Investec Bank UK Limited, which has not taken any steps to claim ownership here.

The building, which has been vacant since 1988, will solve some of the locality’s office space shortage if developed. Analysts expect that a further 20,000sqm of office space will be in demand here by the year 2016. With this prediction as the background, city council authorities are looking at places, which have the potential to be developed into grade A offices so that the city can reap the benefits of any new interest in real estate.

This entry was posted on Thursday, January 14th, 2010 at 5:13 am and is filed under Better Real Estate, Economy, Promotion. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.