Aldgate Developments have unveiled plans for a new project that will see the construction of 317,000 sq ft of office space in London.
Having already raised around £80 million - a figure which will cover the main construction costs - the developer has put a completion date on the Aldgate Tower project for the final quarter of 2013.
The building - which will consist of 17-storeys - will, once constructed, provide Grade A office space in the capital.
Development Manager for the project, Christopher Hamp, commented on the plans for the project.
He said: "Aldgate Tower is the first phase of our plans to lead the way in redeveloping an exciting and well-connected new commercial quarter in Aldgate.
"Construction is to commence in Q1 with 317,000 sq ft of new Grade A space ready for occupation by Q4 2013," he added.
Mr Hamp went on to continue: "We are building Aldgate Tower into a very tight office supply pipeline in 2013 in a market that has very underlying lease demand."
News bought to you by DeVono, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.
