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12/08/2014

Workspace Announces JV With Polar Properties

Workspace Group PLC has secured planning permission for its redevelopment of Enterprise House in Hayes.

The firm has announced a 0/50 joint venture with Polar Properties.

The development will provide 98 apartments and a 38,000 sq ft Business Centre for creative industries. Permission will enable Workspace and its joint venture partner, Polar Properties to create 150 jobs by providing new business space.

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Workspace plans to refurbish the grade II* listed factory building, which will provide 38,000 sq ft of space tailored to the needs of small businesses with a particular focus on creative industries.

Jamie Hopkins, Chief Executive Officer of Workspace, commented: "We are delighted to have secured approval for Enterprise House in Hayes, a location that will benefit greatly by the arrival of a Crossrail station adjacent to the property. Enterprise House is one of a number of properties, in similarly advantageous locations to Crossrail, which Workspace is redeveloping."

(CD/IT)

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