Legal & General receives planning for redevelopment of former Dragons' Den
Legal & General announces that it has received planning for the transformation of 47 Tanner Street, the former Dragons Den Warehouse, to be converted into a new office scheme.
The building is owned and being redeveloped by Vantage, a joint venture London office partnership between Legal & General Capital and PGGM.
Located within the Bermondsey Street Conservation Area, the 5,770m2 proposal sees the redevelopment of the site, including the provision of a seven-storey building with basement and the careful integration of the existing three-storey warehouse into the scheme for B1(a) office use. The commercial floor-space that will be created on the site would provide approximately 500 jobs, a significant increase to the number of jobs possible within the current building configuration.
The proposed scheme will see the sensitive restoration of the last undeveloped Victorian warehouse on the street, which is used for a range of commercial activities and pop-up events, including the filming of the early series of the hit television show BBC’s Dragons’ Den and the British Sewing Bee. The modern architectural intervention within the former yard will have a simple brick façade that complements the materials and proportions of the warehouse building whilst responding to the varied characters of the street.
Nigel Fuller, Senior Fund Manager at Legal & General:"The redevelopment of 47 Tanner Street will be a strong example of how we can transform existing buildings in prime urban locations into much needed modern office space."
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Established in 1836, L&G is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY25) of which c. 43% (c. £0.5 trillion) is international. We have a highly synergistic business model, which continues to drive strong returns. We are a leading player in Institutional Retirement, in Retail Savings and Protection, and in Asset Management through both public and private markets. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.