New £33m office development unveiled by Southern Grove
A new £33m office development in Shoreditch has been unveiled by developer Southern Grove.
Southern Grove plans to allocate around 10% of the office floor area (400 sqm) to ‘affordable’ office space.
The scheme at 16 Orsman Road backs on to the canal.
Tom Slingsby, chief executive of developer Southern Grove, said: “This is a great example of a prime development, sustainably built on an infill site that really makes the most of its surroundings.
“Shoreditch sprawl means that demand is moving towards attractive neighboring areas and the canal is an obvious draw.
“The glazed facade to the property is designed to embrace what the canal has to offer, providing one of the most attractive canal-front aspects to be found in central London.
“We’ll be only the second developer to take advantage of a great opportunity to provide superior office space in an area that is being talked about as the next big thing now central Shoreditch has reached saturation point.”
Southern Grove exchanged contracts on the land and plans to use Cross Laminated Timber, a highly sustainable option that is much greener than concrete.
This will mean the building, spanning six floors, is approximately four to five times lighter than a traditional building resulting in much smaller foundations and minimal disruption to the neighbouring canal.
The scheme is located in an area that is seeing a significant amount of interest as rents and prices continue to rise in Shoreditch.