Developer Derwent London to start construction work on 拢119m pipeline in next 12 months
Developer Derwent London has confirmed a 拢119m pipeline of development that will start construction within the next twelve months.
Announcing its interim results for the 30 June 2013, Derwent said it currently had 拢72m of schemes under construction, comprising 279,700 sq ft of space, including the Turnmill and 40 Chancery Lane office-led schemes.
Derwent also said it had plans to start on another 345,500 sq ft of space over the next 12 months, with a development value of 拢119m.
The biggest scheme is the 拢100m White Collar Factory office scheme in Old Street, which is set to start on site early in 2014.
Derwent said: 鈥淭he depth of occupier requirements gives us the confidence to start construction of a further 345,500 sq ft (32,050m2) over the next 12 months.鈥�
The schemes set to start are:
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