A CGI of the development
Hines, the international real estate firm, has unveiled plans to undertake a major transformation of 25 Cabot Square.
The redevelopment of the 455,000 sq ft office building in Canary Wharf will bring 200,000 sq ft of new space to the market.
The shortage of new or redeveloped space coming to the market has triggered Hines’ decision to proceed with the renovation of the building.
Work will begin in July and is expected to be completed by late-2018, coinciding with the opening of the new Crossrail Elizabeth line.
Raj Rajput, managing director and head of asset management at Hines, said: “The renaissance of The Cabot will be a significant milestone for Hines.
“It reinforces our long-term commitment to Canary Wharf as a market and is emblematic of the continuing evolution of the area.
“Canary Wharf is changing and is no longer the preserve of the financial services industry. Occupier demand is coming from an increasingly broad range of sectors, with TMT clearly at the fore, and there is a paucity of new, modern and flexible, large-scale workspace to serve this new dynamic.
“We have assembled a best-in-class development team which befits our ambitious vision and we are looking forward to undertaking the work and delivering an exemplar scheme which will provide a compelling proposition for occupiers.”
BQ’s commercial property updates are supported by specialist lender Together, which provides funding to businesses and property investors nationwide. With over forty years’ experience in the financial services industry, Together offers short-term finance, auction finance, buy-to-let, residential and commercial mortgages and secured loans.
For more information visit www.togethermoney.com
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