Workspace Group PLC Planning Consent (0767R)
12 June 2018 - 4:01PM
UK Regulatory
TIDMWKP
RNS Number : 0767R
Workspace Group PLC
12 June 2018
12 June 2018
WORKSPACE GROUP PLC
WORKSPACE GRANTED PLANNING CONSENTS IN FARRINGDON AND
BERMONDSEY
Workspace Group PLC ("Workspace") is pleased to announce it has
been granted planning consent for a refurbishment of 12-13 and 14
Greville Street ("Greville Street") in Farringdon and for
additional space at The Biscuit Factory in Bermondsey.
Greville Street currently comprises 15,000 sq. ft. across two
three-storey office buildings, 200 metres from Farringdon station.
The planning consent is for a new five-storey building, providing
23,000 sq. ft. of net lettable space at an estimated cost of GBP9m.
Greville Street is a short walk from several other Workspace
business centres, benefiting from the vibrant Farringdon area and
the opening of the new Crossrail station.
At The Biscuit Factory in Bermondsey, planning consent has been
granted for 27,000 sq. ft. of additional commercial space. The
project will create a new café and reception, providing a new heart
for the enlarged 275,000 sq. ft. Biscuit Factory business centre,
which now comprises nine buildings including Cocoa Studios, which
opened last week. The refurbishment project is expected to cost
GBP10m.
Commenting on the announcement, Jamie Hopkins, Chief Executive
of Workspace, said:
"It is great to see these planning consents being granted. The
refurbishment projects at Greville Street and The Biscuit Factory
will add to our extensive pipeline of activity and allow us to
continue to upgrade our properties and further extend our footprint
to meet the strong demand for space."
Ends
For media and investor enquiries, please contact:
Workspace 020 7138 3300
Clare Marland, Head of Corporate Communications
Edelman 020 3047 2546
Annabel Turbutt-Day
Rob Yates
Notes to Editors:
About Workspace:
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 3.7 million sq.
ft. of business space across 66 London properties. We are home to
thousands of 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.
Workspace(R) is a registered trade mark of Workspace Group Plc,
London, UK.
For more information, please visit www.workspace.co.uk
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END
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