EDGE London Bridge
17/01/2022 by Buildington

EDGE has formed a joint venture with Goldman Sachs Asset Management that will deliver the blueprint for sustainable new office development in London to be known as “EDGE London Bridge”.

The site was originally secured by EDGE on a subject-to-planning basis in June 2019. Goldman Sachs is now a 75% shareholder in the development. The firms have successfully worked together in the Netherlands on a number of projects since 2013.

The site has planning consent for c. 260,000 sq ft of office space, designed by Pilbrow and Partners.

The stand-out development designed by Pilbrow & Partners will target both BREEAM Outstanding, WELL Platinum and Wired Platinum accreditations. With such credentials, the development will be well-positioned to help tenants achieve their own ESG targets.

Construction is scheduled to start later in 2022 and completion is expected in mid-2025.

Fons van Dorst, Executive Managing Director UK at EDGE, commented: "We are thrilled to partner with Goldman Sachs for this landmark project, and to continue on our mission to bring better buildings to more tenants and cities across the world."

Chris Semones, a Managing Director in the Real Estate business within Goldman Sachs Asset Management, said: "We are delighted to continue our longstanding partnership with EDGE to deliver one of London’s most ambitious and sustainable ground up office developments, leading the way on both embodied carbon and in-use energy consumption. We believe EDGE London Bridge will set a great example in the market and prove attractive to ESG focused tenants and ultimate investors alike, which in turn will drive strong investment performance for Goldman Sachs and our clients."

EDGE was advised by BCLP and JLL. Goldman Sachs was advised by Simmons&Simmons, KPMG and CBRE.

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