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.
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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."
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