INDUSTRY NEWS

London’s ‘Silicon Roundabout’ set to gain more new office space

A developer has been boosted with the granting of planning permission to construct new London office space.

Derwent London will as a result work towards delivering 271,000 sq ft of office space, space for retail amenities and private residential property near the Old Street roundabout.

The project will feature a 16-storey property and a number of smaller five and six-storey office complexes.

In a bid to capitalise on the area’s – also known as the ‘Silicon Roundabout’ – growing reputation as a technology hub for the city, the smaller office buildings will specifically be targeted towards attracting developing companies within the industry.

Chief executive at Derwent London, John Burns was unsurprisingly happy with announcement.

He commented: “We are delighted to have won this major planning consent, which follows closely on the heels of our recent planning success at 80 Charlotte Street, Fitzrovia.”

“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,” he finished.

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office space

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