Tower Bridge scheme receives approval
Workspace Group has received planning approval for an ambitious 12-acre development in the vicinity of London's Tower Bridge.
Tower Bridge Business Complex will feature 60,000 sq ft of new business accommodation and up to 800 residential properties, as well as a one-acre park for residents to enjoy. It will also retain 270,000 sq ft of current commercial accommodation at the site.
The area is currently home to the former Peak Frean biscuit factory and much of the site is let to small local firms.
Now approval for the redevelopment has been achieved, Workspace plans to carry out a massive overhaul of the area, with a significant project specification also including the delivery of improved links through the site to the Blue shopping centre and Bermondsey Underground Station.
Jamie Hopkins, Workspace's chief executive officer said: "We are delighted to announce planning approval at our Tower Bridge Business Complex which is an important step in our continued redevelopment programme.
"There is strong demand for tailored business space in the area and it is our firm intention to increase the number of jobs on site in order to benefit the local community."
Once completed, the site is expected to provide a major boost to employment in the area, delivering upwards of 2,000 new jobs.
Elsewhere in the capital, plans have been submitted for a major 193,000 sq ft mixed-use development in Mayfair by British Land, with the project now in the hands of Westminster Council.
The developer is hoping for a swift resolution to the planning stage, as it plans to have completion of the new site by early 2017. It will deliver 36 new prime residential properties overlooking Green Park, as well as the relocation of the iconic Kennel Club on Clarges Street to a new 27,000 sq ft headquarters.
--- Ends ---