Office-led redevelopment gets green light on 'Silicon Roundabout'

Derwent London granted planning permission for new mixed-use scheme

Article posted: 21 Oct 2011

Derwent London has been granted planning permission by the London Borough of Islington for a major new 289,000 sq ft redevelopment to include 271,000 sq ft of office space in Clerkenwell, EC1 at City Road Estate.

This prominent one acre island site faces on to Old Street roundabout and is bordered by City Road, Old Street, Featherstone and Mallow Streets. The proposals, by architects Allford Hall Monaghan Morris, include 271,000 sq ft of offices, 10,000 sq ft of retail and 8,000 sq ft of private residential accommodation.

The centrepiece is a 16-storey office building designed to provide spacious, flexible accommodation that is economic to run and environmentally more sustainable than a conventional office building.

The landmark building will be complemented by a mixture of new and sensitively refurbished five to six storey buildings that respect the surrounding conservation area. These will offer flexible yet affordable studio office space, perfectly suited for the growing number of innovative technology companies that are being attracted to this area, dubbed ‘Silicon Roundabout’. Dual-aspect retail accommodation will be provided on the ground floor, fronting both City Road and the generous public square at the centre of the site, around which all the buildings are positioned. The scheme also includes nine private residential units on Mallow Street.

This latest permission follows hot-on-the-heels of Derwent being given the green light to redevelop office space in Fitzrovia at 80 Charlotte Street, W1. Commenting on the new scheme, John Burns, Chief Executive at Derwent London, said: “We are delighted to have won this major planning consent. The proposed City Road Estate scheme, incorporating our White Collar Factory concept, will be an exciting new project for the Group at this up-and-coming location that is proving highly appealing to the technology and media sectors.”

For breaking news relating to office space in Central London follow us on http://twitter.com/officespacenews

Posted by Jules