6th Nov 2015 07:55
LONDON (Alliance News) - Workspace Group PLC on Friday said it has secured planning permission to redevelop the Cremer Business Centre property in Hoxton in east London.
The FTSE 250-listed flexible offices provider said the current building will be replaced with a six-floor business centre providing 57,000 square feet of net lettable space at an estimated cost of GBP21.0 million.
The new property will complement Workspace existing centres in the area, including the Holywell Centre in Shoreditch, for which it received planning permission to create a new business centre in June 2015.
"Hoxton is a hugely attractive area for our customers and we are excited to have gained planning consent to transform the existing site in the heart of this vibrant area into a new business hub," said Jamie Hopkins, Workspace's chief executive.
By Sam Unsted; [email protected]; @SamUAtAlliance
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