Business
Planning Permission for Poplar Business Park
Planning Permission for Poplar Business Park.
About this update from Workspace Group Plc
[{"type":"text","content":"\n \nRNS Number : 8323O Workspace Group PLC 25 September 2013 \n \n\n \n \nWORKSPACE GROUP PLC\n \nPLANNING PERMISSION SECURED FOR POPLAR BUSINESS PARK MIXED USE REDEVELOPMENT\n \n \nWorkspace Group PLC (\"Workspace\"), London's leading provider of space to new and growing companies, is pleased to announce that it has secured planning for the redevelopment of its Poplar Business Park, Canary Wharf.\n \nPoplar Business Park is located in Docklands, 800m away from Canary Wharf and close to the new Crossrail station. Workspace has received planning permission for 392 apartments, 20% of which will be affordable, alongside a new 58,000 sq ft business centre and 12,000 sq ft of light industrial workshops. The scheme will also provide two new public squares and improved transport links from Poplar High Street to Canary Wharf and Wood Wharf.\n \nThis scheme will replace 75,000 sq ft of existing light industrial space. The site was valued at 31 March, 2013 at £21 million.\n \nJamie Hopkins, Chief Executive Officer, commented:\n \n\"We are delighted to have secured planning permission for the redevelopment of the Poplar Business Park. It is a significant redevelopment in an area that will be experiencing a lot of change over the coming years with the arrival of Crossrail at Canary Wharf. \n \n\"Poplar Business Park, once redeveloped, will be a thriving residential and business location in the heart of one of London's future hotspots.\n \n\"The redevelopment will also provide a significant boost to both the capital value and rental income of the site and demonstrates our ability to add significant value through asset management.\"\n \nFor media enquiries please contact:\n\n\n\n\n\nWorkspace Group PLC\n\n\n\n\n\n\n\nJamie Hopkins, Chief Executive Officer\n\n\n020 7138 3300\n\n\n\n\nGraham Clemett, Chief Financial Officer\n \n\n\n\n\n\n\n\nPelham Bell Pottinger\nVictoria Geoghegan\nNick Lambert \nElizabeth Snow\n\n\n020 7861 3925\n\n\n\n\n \n \nNotes to Editors\n \n \nAbout Workspace Group PLC\n \n· Workspace is a FTSE250 company and has been listed on the London Stock Exchange since 1993\n· It has a strong 25 year track record in providing tailored business premises to growing ...