Planning Consent

RNS Number : 7840E

Workspace Group PLC

06 November 2015

 

6 November 2015

WORKSPACE GROUP PLC

WORKSPACE GRANTED PLANNING CONSENT IN HOXTON

Workspace Group PLC ("Workspace"), home to new and growing companies across London, has received planning permission to redevelop Cremer Business Centre on Cremer Street in Hoxton, E2.

The existing building comprising 41,000 sq. ft. of office and light industrial space, valued at £10m at March 2015, will be replaced by a new six floor business centre providing 57,000 sq. ft. of net lettable space at an estimated cost of £21m.

The new centre, which is adjacent to Hoxton station on the London Overground, has been sensitively designed to respond to its location opposite the well-known Geffrye Museum, a Grade I listed building, in the Kingsland Road Conservation Area. It will complement Workspace's existing cluster of four properties in this popular Shoreditch and Old Street area, including Holywell Centre in Shoreditch, where we received planning consent for a new business centre in June 2015.

Jamie Hopkins, Chief Executive Officer of Workspace, commented:

"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. This demonstrates further progress on the delivery of our strong pipeline of refurbishments, as we continue to focus on growing our portfolio of space for new and growing companies across London."

ENDS

For media and investor enquiries, please contact:

Workspace Group PLC                                                                      020 7138 3300

Clare Dundas, Head of Corporate Communications      

Bell Pottinger                                                                                       020 3772 2562

Victoria Geoghegan

Nick Lambert

Elizabeth Snow

Notes to Editors

About Workspace Group PLC:

·     Workspace is a FTSE250 property company and has been listed on the London Stock Exchange since 1993

·     Workspace owns over 80 properties across London and is home to some 4,000 new and growing companies

·     Workspace provides the right properties in the right locations to attract its customers and the right services to retain them and help them grow

·     Workspace is growing through deep market knowledge, operational excellence and strong customer relationships

·     For more information on Workspace, please visit www.workspace.co.uk 

 

END

 

 

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