INDUSTRY NEWS

Plans for Aldgate Tower office revealed

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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 from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.

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