London suburbs office plan scrapped

Office design news from Morgan Lovell

Published on 01-06-2010

A plan to deliver new "super hubs" of offices in London's suburbs has been put on the backburner due to a lack of demand for space at present, it has been revealed.

Originally set out by Land Securities, the development project was rejected planning permission by the Outer London Commission due to objections by local businesses and residents, as well as a lack of demand for high-density modern office design space in the city at present.

However, a spokesperson for Land Securities commented: "The rapid recovery in the London office market, together with the increasingly tangible quality of the development, gives us confidence we will gain more attractive lease agreements."

The company is a FTSE 100 business and was founded in 1944. It presently manages approximately 9.7 million sq ft of office space spread out across its developments throughout the UK.

In total, more than 50,000 people work in offices owned by the company and 500 organisations rent its office space.

Posted by Paul Kelly.