Workspace secures planning permission on Tower Bridge complex

Workspace Group, which provides space to new and growing companies in London, has secured planning permission for the redevelopment of its property at Tower Bridge Business Complex.

Workspace Group, which provides space to new and growing companies in London, has secured planning permission for the redevelopment of its property at Tower Bridge Business Complex.

The redevelopment will provide 270,000 square foot of retained business space and 60,000 square foot of new business accommodation, as well as 800 new residential units.

Once complated, the development will provide Southwark with a major mixed use scheme and its largest hub for small businesses, which is expected to support over 2,000 jobs.

Jamie Hopkins, 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.

"The development also provides a significant boost to both the capital value and rental income of the site."

NR

Recommended

Persimmon yields 12.3%, but can you trust the company to deliver?
Share tips

Persimmon yields 12.3%, but can you trust the company to deliver?

With a dividend yield of 12.3%, Persimmon looks like a highly attractive prospect for income investors. But that sort of yield can also indicate compa…
1 Jul 2022
Don’t try to time the bottom – start buying good companies now
Investment strategy

Don’t try to time the bottom – start buying good companies now

Markets are having a rough time, so you may be tempted to wait to try to call the bottom and pick up some bargains. But that would be a mistake, says …
1 Jul 2022
Share tips of the week – 1 July
Share tips

Share tips of the week – 1 July

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
1 Jul 2022
Bunzl: boring is good for business
Share tips

Bunzl: boring is good for business

Food-service distribution company Bunzl is not a terribly exciting business, but it looks cheap and could be a great investment, says Rupert Hargreave…
30 Jun 2022

Most Popular

UK house prices are definitely cooling off – but are they heading for a fall?
House prices

UK house prices are definitely cooling off – but are they heading for a fall?

UK house prices hit a fresh high in June, but as interest rates start to rise, the market is cooling John Stepek assesses just how much of an effect h…
30 Jun 2022
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves looks at the FTSE 100’s top yielding stocks for income investors to consider.
22 Jun 2022
The ten highest dividend yields on Aim
Income investing

The ten highest dividend yields on Aim

Rupert Hargreaves picks the highest-paying dividend stocks on Aim, London’s junior market for small and medium-sized growth companies.
29 Jun 2022