McLaren Property have teamed up with Apache Capital Partners to redevelop a large section of a popular Shoreditch street.
Comprising of mixed office and student accommodations, the Paul Street scheme will offer 43,000 sq. ft in work space and a little over 400 high quality student units. It is estimated that some fifty thousand scholars are currently based within a short walk of the location.
The location will undoubtedly prove popular with the Shoreditch student demographic, the area characterised by quirky venues and independent outlets. The office space will also be well-received, with demand for affordable footage often outstripping supply in East London.
Investment continues to be pumped into the Tech City area, with a number of financial management companies and angel investors highlighting the area as a potential money-maker in years to come. Developments like the planned McLaren/Apache project will undoubtedly continue to fuel this interest.
The Paul Street development will be joined by a number of other high profile projects currently under construction in the Old Street Roundabout vicinity. The vast White Collar Yard project, due for completion in 2016, will provide an additional 226,000 sq. ft of work space to East London.
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