EDGE Technologies has acquired c.€56m (£50m) office development located at 60 St Thomas Street on London’s South Bank. The acquisition is subject to planning permission, which EDGE will pursue in close partnership with the seller, one of the UK’s largest real estate investment managers. After completion of the development – four to five years from now – 60 St Thomas Street will be an optimised office environment and a new workspace fit for the future.EDGE integrates a technology-enabled platform in all its buildings. Sensors monitor all aspects of the office environment, including occupancy and energy usage, to continuously improve and optimise operations, as well as enhancing the customer experience.
Boudewijn Ruitenburg, Chief Operating Officer, EDGE, said: “We are expanding into new markets to address occupier demand for buildings with increasingly high sustainability standards that put employee wellbeing at the forefront. We believe in building better buildings that are not only inspiring workplaces but that address the climate change emergency too. This is what we will deliver at 60 St Thomas Street – working closely with stakeholders to align on the long-term views and ambitions for a more sustainable Southwark. London is a global city that attracts business and talent from all over the world, so it is a natural choice for our next location. Our first development will bring our ethos and technology platform to the UK for the first time and we are actively looking for more sites across London to expand.”
