The slender 138m tall building designed by architect Kohn Pedersen Fox Associates will accommodate over 900 students and signals the return of student schemes to the capital.

As part of the planning deal with Southwark Council, Greystar will make a £34m payment towards the councils’s housing investment programme to provide homes for over 300 local residents.

The deal clears the way to demolish an existing 10 storey office building at the 40-46 Weston Street site which is located next to Guys Hospital and London Bridge Station.

It will make way for the new Capital House building, which will boast a striking faceted facade featuring perforated metal cladding around windows when completed in over three years time.

The base of the building will feature a series of raking columns forming a ‘V’ shape at ground level.

The client team on the project includes building services consultant SWECO UK, structural consultant AKT II and cost consultants Core Five.

A previous owner had planning permission for a 31-storey tower of 470 flats dubbed The Quill in 2011 but sold the plot to Greystar in 2017.

The new building forms part of the St Thomas Street East development framework which has brought together four developers to deliver a cluster of stepped office buildings next to the Capital House student project.