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As the cost of living in London has increased, forcing much of the workforce to move and commute from further afield, the desirability of Waterloo has continued to grow, because it provides great transport links to outside London, and out of towners who come into Waterloo station don’t need to increase their commute any further.
The surge in demand has instigated a lot of plans for the refurbishment and redevelopment of the worn-out buildings in the area. An example of this is Elizabeth House: currently something of an eye sore, its plans for re-development will leave it with an impressive gallery space along York Road which will be open to the public. It will also provide 85,700 sq ft of office space.
Eugene O’Sullivan, a Commercial Surveyor and Managing Director at Morgan Pryce, says; “Elizabeth House is the first step towards boosting Waterloo as an area and making it a destination as opposed to a drive-through location”.
Another development planned is the Shell building, which will bring additional office space to the Waterloo area.
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.