Plans to deliver approximately 12,000 m2 (GIA) of high-quality office floorspace across both schemes (40 Pelham Street, and 63-81 Pelham Street), which also includes a gym as part of the amenities, were recently approved by the Royal Borough of Kensington and Chelsea. At its core, the development will help satisfy the growing need for workspace in this specific part of South Kensington.
A range of economic benefits will be generated, including an estimated 610 direct jobs and a contribution of up to £55m in GVA each year to the local economy. Opportunities to sign up for apprenticeships and work placements will also be afforded to local residents during the construction phase. Significant investment towards the local public realm will make the built environment more attractive, acting as a catalyst for future investment.
Volterra, on behalf of Wellcome Trust, prepared two separate economic benefits statements that formed part of the planning submission. The documents explained how a shift in working patterns accelerated by COVID-19, has emphasised how the design of office spaces will need to respond to changing needs. Our work helped demonstrate how the developments’ modern office space would support and contribute to the evolved need for such space in South Kensington.
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