Following their submission of planning permission to create new London office space on Wednesday, Derwent London have received the go-ahead for a redevelopment project at the City Road Estate – that will include around 271,000 sq ft of office space.
Positioned opposite the Old Hill roundabout – a developing technology hub recently dubbed the ‘Silicon Roundabout’ – an office building consisting of 16 storeys will form the project’s centerpiece.
This centrepiece will be accompanied by a number of smaller five and six storey buildings – refurbished to fit in with the surrounding conservation areas. These buildings will be aimed at smaller, developing technology companies looking to gain a foothold in the capital.
Chief executive at Derwent London, John Burns, commented on the announcement.
He said: “We are delighted to have won this major planning consent. The proposed City Road Estate scheme, incorporating our White Collar Factory concept, will be an exciting new project for the Group at this up-and-coming location that is proving highly appealing to the technology and media sectors.”
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