Our development scheme at 240 Blackfriars Road, SE1, is providing businesses with modern, efficient space in this thriving Bankside location.
Delivering modern space into a supply constrained market
Bankside in Southwark, an area that we know well, is being transformed. Already home to world famous cultural institutions, major improvements to the transport infrastructure, including the Jubilee Line and new Blackfriars Thameslink station extension, has made this central London location even more accessible. With the West End and City both within easy reach, the appeal of this exciting location to businesses continues to grow.
In April 2014, we completed our 20 storey 236,700 sq ft development scheme, with the office space already 58% pre-let. Our BREEAM Excellent building offers modern, efficient office floor plates (capable of occupation at one person per 8 sq m) into a market where the supply of new Grade A space is limited. Six weeks after completion, the office space is now more than 73% let attracting occupiers from across London and a variety of sectors, including TMT, professional services and consulting. The scheme has delivered a profit on cost of 56.6% to date.