Construction News

18/12/2015

Approval Granted For East London Redevelopment

Workspace has been granted planning permission for a redevelopment project in east London.

The company will replace the existing buildings on the Marshgate industrial estate in Stratford.

It is understood around 200 residential properties including a mix of townhouses, apartments and 17% 'affordable' housing will be built on the site.

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In addition, a new 34,000 sq ft business centre will be developed.

Jamie Hopkins, CEO of Workspace, said: "We are delighted to have been granted planning permission for a new business centre in Stratford and see this as great news for new and growing companies in the area, who will benefit from the new space we’re providing.

"This demonstrates our ongoing commitment to taking advantage of redevelopment opportunities where we can to drive rental income and enhance the value of our existing portfolio."

(LM/MH)

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