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Zog Group has recently obtained the approval to develop a 650,000 sq ft mixed-use construction on the eastern-fringe of the Capital next to the Tower Bridge. Zog have big plans for their newest proposal, the construction will feature a staggering 350 flats and a 236-bed hotel, a 33-bed apart-hotel, along with 31,000 sq ft of commercial space, on Royal Mint street.
According to a recent article, the Group is now seeking further approval, this time for a 1.2 million square foot development in the Isle of Dogs in the Docklands just off Marsh Wall. This particular proposal is rumored to feature 749 homes and 100,000 square feet of commercial office space.
David Perrins of Morgan Pryce adds, ‘As Shoreditch over populates, businesses are naturally over spilling into the surrounding areas towards the eastern fringe as an alternative.’
Morgan Pryce are analysing the growing interest in commercial office space in the eastern fringe of the city, the accepted proposals will play a key role in opening new job opportunities to the area, whilst stimulating the local economy.