EDGE Technologies enters UK with South Bank office block buy
Amsterdam-based EDGE Technologies is entering the UK commercial property market with the £50m purchase of 60 St Thomas Street on London’s South Bank, SE1, from Columbia Threadneedle Investments.
Currently occupied by Her Majesty’s Immigration Office, the site is slated to be redeveloped as part of a co-ordinated approach by major landowners along and around St Thomas Street, including CIT, Greystar and Sellar to deliver integrated regeneration along.
The acquisition is subject to planning permission, which EDGE and Columbia Threadneedle will work in partnership to achieve.
Amsterdam-based EDGE Technologies is entering the UK commercial property market with the £50m purchase of 60 St Thomas Street on London’s South Bank, SE1, from Columbia Threadneedle Investments.
Currently occupied by Her Majesty’s Immigration Office, the site is slated to be redeveloped as part of a co-ordinated approach by major landowners along and around St Thomas Street, including CIT, Greystar and Sellar to deliver integrated regeneration along.
The acquisition is subject to planning permission, which EDGE and Columbia Threadneedle will work in partnership to achieve.
Sellar have already submitted a planning application to create 160,000 sq ft of retail and office space, in buildings ranging from five storeys to 17 storeys, on the site of 40-44 Bermondsey Street and 9-17 Vinegar Yard, SE1.
Boudewijn Ruitenburg, chief operating officer at EDGE, said: “We are expanding into new markets to address occupier demand for buildings with increasingly high sustainability standards that put employee wellbeing at the forefront.
“We believe in building better buildings that are not only inspiring workplaces, but that address the climate change emergency, too.
“This is what we will deliver at 60 St Thomas Street – working closely with stakeholders to align on the long-term views and ambitions for a more sustainable Southwark.
“London is a global city that attracts business and talent from all over the world, so it is a natural choice for our next location.
“Our first development will bring our ethos and technology platform to the UK for the first time, and we are actively looking for more sites across London to expand.”
HFF and BCLP advised EDGE.
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