L+R’s Elephant & Castle office scheme approved

Southwark Council has approved London + Regional Properties’ plans for the redevelopment of Skipton House, SE1. Designed by Piercy & Co, the scheme will create a 13-storey building at 80 London Road, to provide 448,048 sq ft of office space. Around 18,514 sq ft (9.8%) of the office space, including 9,504 sq ft on the first floor, would be affordable, available at 70% of the market rent. L+R estimates full market rent for office space in the area is around £50 per sq ft. The building will also house an 8,643 sq ft gym and 9,009 sq ft of flexible retail space, which would be divided into five units on the ground floor at 70% of market rent with a one-month rent-free period. Full market rents in the area are in the region of £30 per sq ft. The 1990s-built property is currently occupied by the Department of Health.   To send feedback, e-mail louise.dransfield@egi.co.uk or tweet @DransfieldL or @estatesgazette Image © Piercy & Co