Max Property Group has won 16 separate planning applications at St Katherine Docks, as a it looks to drive up the value of the estate.
Tower Hamlets Council has granted full permission for the sixteen applications, and Max has now commenced refurbishment plans on one of the two main office buildings on the estate.
Commodity Quay to the north of the site will be redeveloped to create 100,000 sq ft of offices, including 25,000 sq ft of double volume space, designed by architects Buckley Gray Yeoman. The building also provides 25,000 sq ft of space for two restaurant units, as well as the inclusion of 20,000 sq ft of leisure space to form a new health club for residents and occupiers.
International House to the west of the site has already seen the recent refurbishment of 30,000 sq ft of office space, pre-let to UK learning company QA, and will see further work with a restaurant extension to the building’s north side.
The applications will also try to improve access around the dock’s three marinas by creating new boardwalks and improved lighting and access on the site that will build on the beautiful environment that St Katharine Docks offers its businesses, residents and visitors.
Max bought the estate for around £156m from F&C Reit Asset Management last year.
Ben Walford of Prestbury Investments, Max’s investment advisor, said:
“These refurbishments have helped us recently let the last vacant space of International House and we are now focussed on ensuring that the right occupier is found for the building Buckley Gray Yeoman has designed for us at Commodity Quay which will be delivered in just over 12 months.”
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