Striding into Shoreditch with a new development project whilst our diverse workspaces at 20 Farringdon Street attracts buyer.
Our diverse workspaces created at 20 Farringdon Street have attracted a private investor. And within the same period, we have acquired a new development site in Shoreditch to further our pipeline and commitment to the UK market.
In parallel with the sale of 20 Farringdon Street and reaffirming our commitment to the London market, we’re striding into Shoreditch with our latest acquisition: Quick & Tower House, a c.135,000 sq ft commercial redevelopment opportunity. Located on the prominent corner location of Worship Street and Clifton Street, the development will be accessed via a new public square within walking distance of Shoreditch High Street, Old Street and Liverpool Street stations. Construction works are earmarked to commence in early 2021 and we’re setting out to create a vibrant workspace appealing to companies wanting to immerse themselves in Shoreditch’s creative neighbourhood. We’re approaching the project with a clear focus on sustainability, wellbeing and adoption of innovative workspace technology.
20 Farringdon Street completed in 2018 and is fully-leased and home to a thriving business community including our own co-work concept HubHub, as well as companies like The Berkeley Partnership and TMF Group. HB Reavis’ applied its unique and proven approach to creating diverse workspace offerings to suit all business types: from co-work spaces for start-ups, plug and play space through to traditional leases for larger corporates. The high-quality designed project realises its value through the sale to a private investor in the first transaction of this scale to complete post-lockdown period, demonstrating the appeal of the project’s innovative approach to leasing and the continued demand for such London assets.
20 Farringdon Street saw our co-work concept, HubHub London debut in early 2019. Testament to its London success and in its 8th international location, HubHub continues with business as usual and remains fully operational across 34,000 sq ft of flexible workspace, offering its programmed community events.