Search

University College London to buy valuable office space from Camden Council to fund King’s Cross headquarters

PUBLISHED: 11:00 08 February 2014

A preferred bidder has been named for the Town Hall Extension. Picture: Danny Robinson

A preferred bidder has been named for the Town Hall Extension. Picture: Danny Robinson

Archant

A university is to buy valuable office space from Camden Council as part of a project to fund its new headquarters, which will house two swimming pools and a library.

The council will sell Bidborough House in Bidborough Street, King’s Cross, to University College London (UCL) after those working in the offices join all council staff in moving to new headquarters at the King’s Cross Central development in St Pancras Square in the summer.

UCL will use the space to move administrative staff from its main site in Bloomsbury to free up teaching rooms.

The sell-off is to help fund the construction of the council’s new headquarters at 5 St Pancras Square, which will include two swimming pools, fitness studios, a public library and a customer services centre.

It is the first building to be sold of eight council-owned properties earmarked for sale, which include 156 West End Lane, known as the Travis Perkins building and the Town Hall Extension in St Pancras.

A preferred bidder for the Town Hall Extension was named this week as developers Crosstree Real Estate.

The council will also end leases on three other properties as part of its accommodation strategy, to ensure that the taxpayer does not pay for the construction of its headquarters.

Cabinet member for finance Cllr Theo Blackwell said: “By reducing the amount of floor space the council requires and disposing of old and inefficient buildings, we can raise funds to ensure that our new community facilities and office space are provided at no additional cost to the taxpayer.”


If you value what this story gives you, please consider supporting the Ham&High. Click the link in the orange box below for details.

Become a supporter

This newspaper has been a central part of community life for many years, through good times and bad, serving as your advocate and trusted source of local information. Our industry is facing testing times, which is why I’m asking for your support. Every single contribution will help us continue to produce award-winning local journalism that makes a measurable difference to our community.

Thank you.

Most Read

Most Read

Latest from the Hampstead Highgate Express