Vengrove Secures Planning for City Offices

WeWork Property Advisors and Vengrove has secured planning permission for the refurbishment and re-development of two offices in the City of London: 51 Eastcheap and 120 Moorgate. Both properties when complete will be majority occupied by WeWork Companies Inc.

51 Eastcheap will consist of an 86,000 sq ft office building arranged over 10 floors with a small ground floor retail provision. 120 Moorgate will total 105,000 sq ft of office accommodation over nine floors. It will benefit from an extensive ground floor retail offering, including the existing flagship Barclays branch. The fa├žade will be modernised, with WeWork expected to occupy 90% of the office space upon completion in Q4 2019.