INDUSTRY NEWS

London office space regeneration could be built by a single developer

It has been reported that development of London office space as part of a regeneration project  could be issued to just one developer over the coming years to take advantage of a number of leases due for renewal in 2013 and 2014.

According to a national property magazine after speaking to one major developer, 300,000 sq. ft. of offices is due to be built in the next year split between three buildings on St Pancras Square as part of the Kings Cross regeneration.

Speaking on behalf of the developer, Robert Evans, the director of the organisation to the publication, said: “We are now focusing on these three buildings and getting them delivered. They are great buildings next to the transport interchange and the timing is absolutely right.”

All development in the King’s Cross regeneration has to comply with specifications laid out by the British Council of Offices.

Commercial property news brought to you direct from DeVono Cresa, experts on London office space.

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