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Mon November 30 2020

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McLaren to build £21m Shoreditch offices

15 Nov 13 McLaren is to go ahead with the construction of a speculative office development in east London, having struck a deal to sell the finished building to Helical Bar.

The Clifton Street development
The Clifton Street development

Helical Bar has committed to forward purchase the new 43,000 sq ft building on Clifton Street, Shoreditch, London EC2 for £21m.

The six storey office block will be fitted out to Cat A standard and is designed to be BREEAM ‘very good’ rated with green roofs, cycle storage, landscaped courtyards with water features.

Helical Bar will complete the freehold purchase upon practical completion of the construction, which is anticipated for summer 2015. McLaren Property is the vendor and McLaren Construction will undertake the development.

McLaren Property managing director John Gatley said: "McLaren is pleased to have concluded this deal with Helical Bar and excited about the prospect of delivering what we hope will turn out to be a very successful office development."

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MPU
MPU

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