WKP : Workspace sells part of Poplar Business Park to Telford Homes
Workspace Group is selling the first phase of the redevelopment of its Poplar Business Park project (800m from Canary Wharf) to Telford Homes. Telford will build 170 apartments and 8,000 sq ft of light industrial space. Workspace is getting £16.3m in February 2015, the light industrial unit and 35% of the sales proceeds of the apartments in excess of £730 per sq ft.
The whole site has planning for 392 apartments (of which 80 are affordable housing) and 70,000 sq.ft of business and light industrial space.