Delancey has secured planning consent to develop a new 200,000 sq ft building in London’s Knowledge Quarter.
The site at 176-178 York Way will provide 130,000 sq ft of research and lab space and 13,000 sq ft of affordable workspace, events space, flexible makers’ space and significant public realm enhancements.
Designed by Kohn Pederson Fox (KPF), the building’s design includes the option to alter the proportion of laboratory and office space over time, allowing it to adapt to changing market demand. Delancey is targeting a NABERS 4.5+ star rating for the all-electric development
The developer acquired an interest in the site in Q2 2022 and subsequently acquired adjoining land from Islington Council, allowing the development to come forward.
Nathan Watt, development director at Delancey, said: “We are delighted to have secured resolution to grant planning unanimously for this progressive, innovatively designed development that offers cutting-edge sustainable facilities. The project will deliver dramatic public realm improvements and provide much needed office, science and technology workspace.
“The development will have broad appeal, bolstering the forecast undersupply in London’s Knowledge Quarter and activate York Way to become a major focal point for this part of London.”
Dan Dawe, director of investment at Delancey, added: “Following a process of strategic land assembly, innovative design, and successfully securing planning, we are excited to be in a position to bring forward critical Grade A commercial workspace in King’s Cross. This is an important response to the structural supply shortage of prime commercial office space forecast to be delivered between 2027 and 2029 in London. We are confident that our progressive and beautiful design will appeal to a wide audience, who are targeting the best space in the capital.”
CBRE provided strategic advice to Delancey on the site.
