47 Tanner Street, best known as the location for the popular BBC show Dragons’ Den, is set to be converted into a new office scheme through a joint venture between Legal & General Capital and Dutch pension fund PGGM.

The new plans for the 62,100 sq ft site — which is the last of the Victorian warehouses in the Bermondsey Street Conservation Area to be developed — have been designed by SPPARC to BREEAM Excellent status, and the work will be carried out by Vantage JV, who will convert the space into a seven-storey building — incorporating the existing three-storey warehouse into the scheme — for office use, including cycle parking and shower facilities. The firm has also said that it will retain many of the famous features of the building, including the exposed steel horizontal structures alongside roof terraces.

Nigel Fuller, senior fund manager at Legal & General, says: “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. There is a huge demand for this type of office space from occupiers who recognise the importance of their work environment to improve their staff’s well-being and productivity.”

This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.