Workspace has received planning permission to redevelop a business centre in Hoxton.
The existing 41,000 sq ft Cremer Business Centre is to be replaced by a new six floor business centre with 57,000 sq ft of space to let.
The project is expected to cost £21m.
The new centre will be alongside Hoxton station on the London Underground and opposite the Grade I listed Geffrye Museum in the Kingsland Road Conservation Area.
Jamie Hopkins, CEO of Workspace, said: "Hoxton is a hugely attractive area for our customers and we are excited to have gained planning consent to transform the existing site in the heart of this vibrant area into a new business hub.
"This demonstrates further progress on the delivery of our strong pipeline of refurbishments, as we continue to focus on growing our portfolio of space for new and growing companies across London."
(LM/CD)
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