The proposals, by architects Allford Hall Monaghan Morris, include 271,000 sq ft of offices, 10,000 sq ft of retail and 8,000 sq ft of private residential accommodation.
The centrepiece is a 16-storey office building which will be complemented by a mixture of new and sensitively refurbished five to six storey buildings that respect the surrounding conservation area. These will offer flexible yet affordable studio office space, suited for the growing number of innovative technology companies that are being attracted to this area, dubbed ‘Silicon Roundabout’.
John Burns, chief executive at Derwent London, commented:
“We are delighted to have won this major planning consent, which follows closely on the heels of our recent planning success at 80 Charlotte Street, Fitzrovia W1. The proposed City Road Estate scheme, incorporating our White Collar Factory concept, will be an exciting new project for the group at this up-and-coming location that is proving highly appealing to the technology and media sectors.”