Tech City Receives Big Boost in Office Space for Rent in London
Shoreditch’s Tech City is to get a huge boost – in the form of 300,000 sq. ft. of new office space for rent in London
British Land is to develop the site, which will see a collection of twenty-two buildings on the Shoreditch Estate transformed into modern office space for rent in London, fully equipped for the tech industry.
Around half of the office space on the redeveloped site will be within One Shoreditch, a collection of Victorian warehouses on Shoreditch High Street.
Another site at Two Shoreditch could provide a further 110,000 sq. ft. of office space for rent in London, while Three Shoreditch is the planned location for around 20,000 sq. ft. of offices and residential space. In addition to the existing buildings, the site also has planning permission for 90,000 sq. ft. of new-build office space for rent in London, also on Shoreditch High Street.
The complete site occupies a prime location on Shoreditch High Street, bordering Commercial Street, Blossom Street and Elder Street. It is at the heart of a thriving creative district, which is already home to a number of creative and media companies.
With Tech City the business buzzword of the moment, it was no surprise that a number of companies were vying for the opportunity to develop the site. Initially five firms were in the running, before being whittled down to the final two – Resolution Property and British Land.
Allford Hall Monaghan Morris (AHMM), recently named Architectural Practice of the Year, is to design the site. They are no strangers to the tech sector, having recently been appointed to design the new Google HQ at King’s Cross.
AHMM and British Land’s complete vision for the Shoreditch Estate has yet to be revealed, but despite the popularity of the tech industry, the scheme is likely to face some opposition. In particular, there are those who fear that, due to its proximity to Broadgate and the fact that the Shoreditch Estate is owned by the City of London, the site will become an extension of the City.
There are, of course, significant differences between City and Tech City office space for rent in London – and occupants of the latter are keen for it to keep its distinctly creative vibe.
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