This project involved the refurbishment and development of properties owned by Lloyds Bank plc at 6-8 Pall Mall, 1-6 Waterloo Place, and 25-27 Charles II Street, London. This included the Lloyds Headquarters at Pall Mall. In July 1989 Terry Farrell and Company were appointed as architects to the project.

The initial proposals for the scheme were to partially demolish the existing Pall Mall building. The external elevations were to be retained, the basement was to be enlarged, and there was to be the construction of new enclosures and an arcade/lightwell wall. New internal spaces included the Long Room, Charles II Street Entrance, Pall Mall Entrance and the Grand Room.

There was also to be repaving in 'York Stone' at the front of the development to provide urban improvement.

It is unclear if this project went ahead, at the time of the scheme proposal a cost-reduction procedure was in place, so not all proposals could be carried out as specified in the initial design scheme.