Legal & General have announced that they have received planning permission to convert 47 Tanner Street, a former warehouse which hosted the BBC show Dragons’ Den, into a new office scheme. The building is located in Bermondsey just south of Tower Bridge, and is owned and being redeveloped by Vantage, a joint venture London office partnership between Legal & General Capital and PGGM.
The scheme will see the sensitive restoration of the last undeveloped Victorian warehouse within the Bermondsey Street conservation area. The warehouse is used for a range of commercial activities and pop-up events, and was featured as the set of the early series of Dragons’ Den and The Great British Sewing Bee.
Vantage will redevelop the 62,100 sq ft site into a seven-storey building and will integrate the existing three-storey warehouse into the scheme for office use. Work is due to start on the site in 2019.
The scheme has been designed by architecture firm SPPARC to achieve BREEAM Excellent status. Trevor Morriss, Principal at SPPARC said: “Our proposed scheme is characterised by the oversailing additions being brought to the street in an angled brick prow. The glazed tiers, which are set back and sit two storeys higher, allow the masonry façade to be celebrated within the existing context of the site. The scheme will provide flexible high quality creative workspace that complements the established residential and commercial communities of the area.”
Nigel Fuller, Senior Fund Manager at Legal & General, said: “The redevelopment of 47 Tanner Street will be a strong example of how we can transform existing buildings in prime urban locations into much needed modern office space. There is a huge demand for this type of office space from occupiers who recognise the importance of their work environment to improve their staff’s well-being and productivity.”