City Corporation approves 277-home co-living development
The City of London Corporation has approved plans for a co-living-led development at 150 Minories, EC3, by Hub and Bridges Fund Management.
The pair will repurpose the existing structure of the building and deliver 277 homes. This office-to-residential conversion, called Assembles, will be Hub and Bridges’ second in the City.
The scheme’s amenities include a pocket park, health hub, co-working space and café.
The City of London Corporation has approved plans for a co-living-led development at 150 Minories, EC3, by Hub and Bridges Fund Management.
The pair will repurpose the existing structure of the building and deliver 277 homes. This office-to-residential conversion, called Assembles, will be Hub and Bridges’ second in the City.
The scheme’s amenities include a pocket park, health hub, co-working space and café.
The existing commercial premises, operated by serviced offices provider BE Offices, will be repurposed into a residential scheme.
Alongside the retention and refurbishment of the existing building, the scheme will benefit from an extension to its rooftop and rear, and an upgraded facade.
Hub and Bridges acquired the site at the end of 2023 for £39m.
Damien Sharkey, managing director at Hub, said: “We believe well-located, professionally managed next-generation co-living homes with exceptional public-facing amenity will appeal to those already working in the area while delivering added benefits to the local community. We are excited to build on our strategy of repurposing a building in an ultra-urban location, and turn it into something of value for everyone who spends time in the area and calls it home.
“We look forward to continuing to work with local stakeholders on delivering Assemblies and are committed to ensuring it is a catalyst for long-term positive regeneration.”
Celia Harrison, director at Bridges Fund Management, said: “Assemblies, like Cornerstone, is a great example of how we can transform under-utilised, inefficient office buildings into attractive co-living developments that meet the huge demand for high-quality living space in urban areas. As always, our goal is to minimise carbon emissions through the life of the building – and by reusing the existing core, we can significantly reduce embodied carbon while also introducing sustainability features that will reduce operating costs and make the homes more attractive to residents. We believe Assemblies will have a really positive impact on the local area.”
Image © Studio Archetype
