South-east London set for another popularity boost

05 2008
Just days after the global investment bank JPMorgan Chase announced that it is looking into swapping its City of London headquarters for the Canary Wharf business district, developers of a new project in nearby Bermondsey have reported that they have signed up their first major corporate tenant.

According to a statement released by EA Shaw, the company advising the developers, an up-and-coming PR firm is set to move into the £60 million Bermondsey Square development once it opens in September of this year.

As well as a number of other businesses, the firm will sit alongside a supermarket, a cinema and 75 contemporary apartments, with the development set to increase the already-strong draw of the south-east of London among professionals looking to benefit from affordable rents and good links with the city centre and Canary Wharf.

"This letting is indicative of the type of company that will be attracted to Bermondsey Square," said Matt Pain of EA Shaw, who advised the company behind the regeneration work.

"Bermondsey Square is perfect for small to medium sized companies, with the flexibility of splitting each floor to cater for smaller tenants."
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