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Cutting edge EDGE Technologies (previously OVG) – the specialist developer for innovative and energy efficient office buildings – is moving into the UK commercial property market, with the £50m acquisition of 60 St Thomas Street on London’s South Bank.
EDGE integrates a technology-enabled platform in its buildings, with sensors monitoring all aspects of the office environment, including occupancy and energy usage. EDGE are ushering in a new generation of hi-tech, energy efficient buildings to enhance the wellbeing and productivity of the building’s occupants and, ultimately, benefit the planet.
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 Southwark Council and the local community and, after completion of the development in four to five years, 60 St Thomas Street will be an optimised office environment and future-proof workspace.
Boudewijn Ruitenburg, Chief Operating Officer at 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.’
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