The Evolution of Kings Cross – The London Economic

The Evolution of Kings Cross

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By Joe Mellor, Deputy Editor

The King’s Cross project is the largest area of urban redevelopment in Europe and it will include the largest new street in London since Kingsway in 1904; the largest public square since Trafalgar Square in 1845.

An increase in tenant demand, from both creative companies and large corporations, has seen a recent explosion in the number of business centres in Kings Cross. With 10 serviced offices having recently opened, Instant – who deliver innovative workspace environments in over 110 countries for some of the world’s largest organisations – sees Kings Cross as an attractive option for businesses looking for a great location in an up and coming area.

The area’s transformation includes 20 new streets, 10 new parks and squares, and 50 new buildings.  It is expected that Kings Cross will see a total of 45,000 people choosing to live, work and study in the area by 2016.  Such a transformation is expected to generate around 35,000 jobs, more than 1,900 homes and a total of 3.4 million sq ft of workspace.  Consequently, Instant has seen a significant rise in big brands looking for workspace in the Kings Cross area.

Instant’s Senior Operator Relationship Manager; Sophie Turnbull said, “The redevelopment of the Kings Cross area is significant for businesses looking for a new workspace in a location with great transport links and excellent local amenities. In addition, an increase in the availability of Grade A office space in Kings Cross means that larger corporations are moving in, bringing  diversity to an area that has in the last year or so been dominated by technology firms and start ups.”

Google is in the process of moving its European headquarters to Kings Cross, taking a total of 2.4 acres of space. This is one of the biggest ever commercial property acquisitions to occur in Kings Cross.

London’s Shoreditch is well known for the number of creative companies based there.  The Silicon Roundabout has become a hub for innovative tech start ups.  With limited space available in Shoreditch, tenants are taking advantage of the Kings Cross redevelopment project.  The opening of new serviced offices in the area has encouraged tech start ups to move into Kings Cross as they are able to obtain space that is both central, in the right style and affordable.

King’s Cross in numbers

  • 50 new buildings
  • 2,000 new homes
  • 20 new streets
  • 10 new public squares
  • 67 acres
  • 8 million square feet
  • 3.4 milion sq ft of workspace
  • 500,000 sq ft of retail
  • 26 acres of public space
  • 45,000 people

For more info on office space in Kings Cross visit http://www.instantoffices.com/

 

 

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