Quote:Brockton Capital (“Brockton”) is now the owner of
the commercial elements (both office and retail) of
the Brandon House scheme having acquired them
from Crest Nicholson. Brockton is an investor and
developer across most sectors of UK real estate but
with a focus on London and the South East. Across
its portfolio it has over 785,000 sq ft of commercial
space in and around Central London.
One of the platforms which Brockton owns is a
flexible office operating business, Fora. Fora’s first
building opened in Clerkenwell in April 2017 and is
now nearing full occupancy with over 25 separate
businesses now calling Fora Clerkenwell their home.
Brockton Capital owns 9 further buildings across
Central London which will be operated by Fora and is
continuing to search for further assets to add to the
portfolio. Southwark remains an area which is under
supplied with flexible office space and additional
sites in Southwark are being actively pursued.
By the end of 2018 five further Fora buildings will be
open including Fora Borough, at Brandon House,
which is due to be operational from May following
completion of fit out works.
Quote:As stated, Fora will occupy and operate the entirety
of the office space which comprises Block 2 at
Brandon House. Fit out works have commenced and
are expected to be completed by the end of April
The upper floors of Block 2 will be fitted out with a
variety of offices sizes to cater for as diverse a cross
section of tenants as possible with each floor also
having a generous amount of supporting amenity
(large informal break out spaces, kitchen, private
phone booths) to ensure that tenants are not just
limited to working within their offices, a key
principle of a successful co-working offer.
The lower ground floor space within Block 2 will
include a meeting room suite, cycle store, wellness
room/gym and shower and changing facilities
exclusively for use by Fora tenants.
As Brockton have also acquired the ground floor
retail space at Brandon House (Blocks 1 and 3) this
provides an opportunity to further enhance the offer
to Fora’s tenants.
The current approved plans provide for a relatively
small, enclosed office lobby with its entrance on
Marshalsea Road. The applicant believes that this
would be a disappointing experience as an entrance
in to what will be a very impressive office building
and that an entrance on the corner of Borough High
Street will be more prominent and more attractive to
potential Fora tenants. The lift core remains in the
same place as the consented plans.
This then also provides the opportunity to combine
this new corner entrance to the offices with a “grab
and go”, take away food and beverage offer within
part of the corner retail space which will be open to
Fora tenants and the public alike. This will provide
an extremely active frontage on the most prominent
corner of the scheme with views into and across the
ground floor space.
The Balance of the corner unit on Borough High
Street will be a standalone retail unit of c.900 sq ft
which is perfectly viable for an independent
operator and will have excellent frontage with
maximised visibility on to Borough High Street.
In addition, the main retail space on Marshalsea
Road will be used as a full service restaurant, again
open to Fora tenants and the public alike. The
restaurant entrance will have its own entrance on
Marshalsea Road with its own signage distinct from
Fora. An operator has been secured to run the
restaurant and they will also operate the grab and go
offer within the corner unit. Like the corner unit the
applicant proposes to open up this retail space with
the main office entrance to create a feeling of
openness and maximise the opportunity for
activation and fluidity within the space.
Quote:The Balance of the retail space at the end of Block 3
on Marshalsea Road and the entirety of the retail
space within Block 1 on Borough High Street will be
marketed to a variety of users including fashion and
food retail, F&B and gym operators. Marketing has
commence and the applicant expects there to be a
lot of interest having already received a number of
unsolicited approaches since it acquired the space.
The intention is to have as much of the retail space
occupied and open by the time that Fora opens its
doors in May 2018.
Zoe wrote:People think restaurants are quiet, but living near several that’s absolutely not true. And yes, I am often called a nimby and killjoy for not wanting to be kept up until 1am on a Thursday, generally by people who live in very quiet streets.
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