INDUSTRY NEWS

Saatchi & Saatchi wait for Johnson office decision

Advertising agency Saatchi & Saatchi are relying on Boris Johnson for planning permission to redevelop its London offices.

The US company had its original application rejected by Camden Borough Council.

Johnson, the Conservative Mayor of London, has now called-in the plans for review.

Bloomberg reports that the 431,000 sq ft development was turned down, leading to Johnson to intervene.

The Mayor said the site would bring “competitiveness to London’s wider economy” and bring jobs to the capital.

The plan is to create a commercial site with offices and real estate, which would also see £1.6 million pumped into a new rail project in the city.

Saatchi & Saatchi wants the development completed by 2015, and hopes to generate around £4.3m of income a year.

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

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