Workspace Group PLC Planning Consent (5222I)
22 March 2018 - 6:00PM
UK Regulatory
TIDMWKP
RNS Number : 5222I
Workspace Group PLC
22 March 2018
22 March 2018
WORKSPACE GROUP PLC
WORKSPACE GRANTED PLANNING CONSENT IN WOOD GREEN
WORKSPACE Group PLC ("WORKSPACE") is pleased to announce it has
been granted planning permission for a significant mixed-use
redevelopment at its Chocolate Factory and Parma House properties
in Wood Green, Haringey, N22.
The planning consent is for an extensive redevelopment across
the 2.3 acre site with 230 new homes (including 35% of affordable
housing) and 26,000 sq. ft. of new office space, with the loss of
89,000 sq. ft. of office and light industrial space.
The new office space comprises a 6,000 sq. ft. roof extension to
the existing Chocolate Factory building which is already undergoing
refurbishment to provide 60,000 sq. ft. of upgraded space, and
20,000 sq. ft. of new office space within the residential
development. The scheme also provides a new public square and a
pedestrian and cycle link connecting Haringey Heartlands with Wood
Green Common.
The Chocolate Factory and Parma House properties currently
provide 149,000 sq. ft. of office and industrial space, with a
combined valuation of GBP31m at 30 September 2017.
Commenting on the announcement, Jamie Hopkins, Chief Executive
of WORKSPACE, said:
"We are delighted to have received planning permission for this
major mixed-use redevelopment in Wood Green, an area which is
undergoing an exciting transformation. This consent at The
Chocolate Factory adds to our extensive pipeline of refurbishment
and redevelopment projects, upgrading the quality of our portfolio
across London and driving value for shareholders over the long
term."
Ends
For media and investor enquiries, please contact:
WORKSPACE Group PLC 020 7138 3300
Clare Marland, Head of Corporate Communications
Edelman 020 3047 2546
Mav Wynn / Rob Yates
Notes to Editors:
About WORKSPACE Group PLC:
WORKSPACE is geared towards helping businesses perform at their
very best. The WORKSPACE Advantage is our unique customer offer and
is open to all - we provide inspiring, flexible work spaces with
super-fast technology in dynamic London locations.
Established in 1987, and listed on the London Stock Exchange
since 1993, WORKSPACE owns and manages more than 3.6 million sq.
ft. of business space across 68 London properties. We are home to
some 4,000 businesses including some of the fastest growing and
established brands across a wide range of sectors.
The way businesses work is changing. That's why we continually
invest in providing the technology infrastructure that enables our
customers to think and move fast, and alongside their working
environment, is tailored to each individual business.
WORKSPACE (WKP) is a FTSE 250 listed Real Estate Investment
Trust and a member of the European Public Real Estate
Association.
For more information, please visit www.workspace.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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