Foster and Partners designed the 280,000 sq ft scheme across a part nine-storey, part 11-storey building development.
The site was bought for £34m from administrators KPMG earlier this year, marking CPC’s first property acquisition since its ill-fated Chelsea Barracks purchase four years ago for £959m with backing from Qatari Diar.
Christian Candy, Founder of the CPC Group said: “We are delighted with the outcome of the planning application. This is a unique site directly on the river and the redevelopment will make a major contribution to this part of the River Thames, whilst delivering an exceptional living experience in a prominent location in the City of London.”
Grant Brooker, Senior Partner at Foster + Partners adds: “This is excellent news – we believe that Sugar Quay will reactivate a very significant piece of London’s riverfront and make a positive contribution to the UNESCO World Heritage Site, just 100m from the Tower of London.”