Our plans for Loman Street
Our building at Loman Street
Our Loman Street building is where around 270 individuals work for charities, social enterprises and not-for-profit organisations. We offer office space (at a significantly lower rate than the market value for the area) and provide an environment where these people and groups can work collaboratively together, often towards common goals.
While the building at Loman Street is at full capacity, with demand from other charities needing affordable space, sadly it is no longer fit for purpose. It requires modernisation and much better use of space. The building is not fully accessible to all users with disabilities, has out of date and insufficient kitchen and meeting room space, and a dated air conditioning system. It would also benefit from significantly better designed internal spaces allowing for a higher capacity of workstations.
While we encourage those who work in our buildings to cycle, the cycle racks on Risborough Street are often targeted by thieves.
In addition, our Borough building just 4 minutes’ walk away is leasehold. The lease has just over six years until it expires and we have little hope of renewing this in a market that has leasehold costs constantly rising.
To prevent the organisations at our Borough building being pushed out of Southwark with its established third sector talent, and easy access to City donors and politicians at Westminster, we have a requirement to develop a larger building at our Loman Street site, which we own.
In short, if we want to further our mission of helping charities, social enterprise and not-for-profit organisations to find affordable workspace in central London and prevent their displacement from the diverse community in Southwark– we need to redevelop our Loman Street building.