Spanning a 67-acre site of former railway lands, King’s Cross is one of the largest and most exciting redevelopments in London. It has evolved into a business and cultural quarter where former warehouses and post-industrial units are now home to modern office space – King’s Cross has transformed from the red light to spotlight and is still growing rapidly.
King’s Cross’ transformation into an investment hotspot and a highly-sought after neighbourhood for business and home owners alike has a lot to do with its overall master plan. Comprising old and new buildings with ten new public squares and 20 new streets, King’s Cross will deliver an accessible, high-quality mixed-use environment with a strong focus on art, culture, and heritage. Overall, one-quarter of the scheme is dedicated to culture and leisure uses, with the first phases of this already open to the public. When it is completed in 2020, 45,000 people a day will benefit from the 50 new buildings, 2,000 new homes, 20 new streets, 10 new public squares and nearly 4 million square feet of commercial space King’s Cross is set to offer. Thousands of workers, residents, and students now inhabit King’s Cross, one of the largest areas of city-centre redevelopment in Europe.
The proximity to one of the busiest transport interchanges in the city provides major appeal to global firms and offers a great location for residences. Many MNCs have relocated their headquarters to the area. Google’s announcement to construct their UK Headquarters next to King’s Cross St Pancras Station, which comprises of 920,000 sq ft, a rooftop swimming pool and a running track, prompted dramatic interest in the area and continued to aspire many global companies to follow suit with the likes of Amazon, Universal Music and Louis Vuitton all committed to office space within the King’s Cross area.
The new love and commitment in the area helped to strengthen King’s Cross’ growing reputation as the new creative hub for the TMT sector. For savvy commercial tenants, one of the most encouraging prospects is that with all the growing demand for office space, rents are very competitive compared to the West End and the City of London. This influx of commercial interest will continue to attract people, to live and socialise in the area for many years to come, cementing King’s Cross’ position as one of London’s most vibrant districts.