No, it's not a pumping station.
I did remove the name from the street sign otherwise it would be too easy to Google it. However, the red lettering on the sign says "City of Westminster", which would place it in London.
The whole thing is one structure, including the features at each end and the length in the middle. The flat part on the roof with the the steps leading up to it is a public garden, put there to replace the original leafy garden that was on the same site before the building was constructed.