The building was largely rebuilt to an Art Deco design by company architect Albert Moore between 1928 and 1929. Much of the original power station was demolished, but the river facing facade was retained and extended. Liebig wanted to include a tower featuring illuminated signs advertising the name of their product. When permission for the advertisements was refused the tower was built with four sets of three vertically-aligned windows, each of which "coincidentally" happened to be in the shapes of a circle, a cross and a circle. Liebig and the building were eventually purchased by the Vestey Group.
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In the 1990s the tower was refurbished to a design by Liftschutz Davidson to include housing, a restaurant, shops and exhibition space. The tower won the Royal Fine Art Commission / BSkyB Building of the Year Award for Urban Regeneration in 1997.