The newly assembled site comprises four buildings and spans over 287,000 sq ft. Two of the buildings produce a combined income of £2.1m per annum, with the most recognisable property being at 207 Old Street. This 15 storey tower was formerly occupied by British Telecom and has a distinctive blue mirrored-glass facade. The remaining properties include a parade of retail units that generates an annual income of £700,000 and Empire House, a vacant Victorian building, which is located around the corner at 136-144 City Road. In a poignant reminder of how far this East End district has been transformed, Empire House was originally built as the Alexandra Trust Dining Rooms - with the funds from the philanthropist Sir Thomas Lipton - to provide low-cost hot food for the local poor. The Shoreditch area is now a vibrant and thriving business district and part of the government sponsored East London Tech City. Old Street Roundabout has been seen as the iconic hub of the UK’s TMT industry with Google recently opening a Campus building for tech start-ups nearby. This has given two JV development partners the confidence push ahead with their plan to rent Shoreditch office space to high-tech new media companies. AHMM architects have already been appointed to produce a design proposal that will involve the refurbishment of Empire House, while the two modern office buildings will be reconfigured to provide ‘incubator’ studios.