Developers must work harder to ensure their mixed use schemes play a key role in stimulating the local economy, according to award-winning residential developer London Square.
We back the moves by local authorities to ensure that planning and development policies require more substantial commercial floorspace within mixed use developments. It is vital to keep these developments alive at street level and above with the right kind of businesses to create jobs, drive footfall and boost the local economy.
London Square Works will focus on developing high quality bespoke space for offices, retail and leisure businesses to maximise the potential of every aspect of its mixed use developments. The developer has built £140m commercial space so far across its residential schemes, creating contemporary office and co-working environments, food stores and even a specially designed community theatre.
Our ethos has always been to buy sites in good locations with excellent transport links where people will choose to live – and develop those sites as new neighbourhoods to help revitalise the area. By creating our own commercial arm, we will retain control over who we work with to deliver our vision for the new and existing community. We are doing this by working with the best businesses to create new destinations to help each local area to flourish.
The first commercial space to be launched by London Square Works is Cally Yard, a stylish new creative business community in 53,000 sq ft of flexible workspace as part of a destination mixed-use redevelopment. Within walking distance of King’s Cross and two minutes from Caledonian Road tube station, this could appeal to creative agencies, small companies, studios or craft businesses and offers the opportunity to buy the long leasehold.
Other opportunities in the London Square Works portfolio include 5,446 sq ft of space at Canada Water as part of a new mixed use development, a range of new and warehouse buildings as part of the London Square Bermondsey redevelopment and commercial space in Commercial Road E1 at London Square Spitalfields. There are also commercial opportunities at London Square Staines Upon Thames, just 35 minutes to Waterloo. Future London sites include a major regeneration scheme close to the Queen Elizabeth Park in Stratford, plus developments in Lewisham and Neasden.