The railway arches behind Southwark underground station are at last to be put to use, three years after the station opened. The plans for the 20,000 sq ft leisure space include a restaurant and a bar.
Spacia (formerly the property arm of Railtrack), and the Cross River Partnership have created six business units from railway arches between Waterloo East rail station and Southwark tube station. The units cost £1.85 million and took seven months to redevelop.
Andrew Chandler, Investment Manager at Spacia, said: "The development will offer two appealing evening venues for the local community and builds upon the work already undertaken by Spacia in the borough of Southwark. Our aim is to continue our programme of regeneration across London, focusing on areas which will have the greatest impact for local businesses and the wider community."
Savas Sivetidis, director of the Cross River Partnership, said: "Pressure on commercial space in this area is intense as regeneration spreads further south. This is just one of our projects creating imaginative new business units out of disused spaces. It complements our work to ensure that residents and communities share the benefits of regeneration by encouraging businesses to recruit locally and develop links with the community."