Currently home to a disused eight-storey 1970s office block, which has remained derelict for the last five years, the new development aims to transform the area into a thriving new community for young people in the Capital.
Student accommodation will benefit from large amenity spaces on each floor, including lounge, library, bar, gym, spa and private event space, plus large roof terraces. Accommodation at Old Oak will provide services including 24 hour concierge, weekly cleaning and laundry.
The ground floor will comprise 5,000sqft of retail space and 30,000sqft of commercial space, earmarked for a modern incubator facility designed to support the next generation of young entrepreneurs. Meanwhile a new community centre will introduce a flexible space for local residents.