Workspace group wins planning to redevelop office building to provide extra 16,000 sq ft office space
Workspace group has won planning permission to redevelop a 41,000 sq ft office building into a 57,000 sq ft business centre in Hoxton, London.
The listed firm plans to redevelop the Cremer Business Centre, by replacing the current office and light industrial space with six new floors to provide an additional 16,000 sq ft of lettable space.
The redevelopment is expected to cost £21m.
Jamie Hopkins, Chief Executive Officer of Workspace, said: “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.”