EDGE Technologies – the specialist developer for innovative, healthy and energy efficient office buildings – has announced its entrance into the UK commercial property market with the £50m acquisition of 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. The partners will consult closely with the Southwark Council and the local community. 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.
Technology and environmental innovations are part of the solution for many problems within the real estate industry and the workplace. EDGE is ushering in a new generation of high-tech and energy-efficient buildings to not only enhance the health, wellbeing and productivity of the buildings occupants – but ultimately to benefit our planet.
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.”
HFF and BCLP advised EDGE.