Proposed Telehouse expansion could boost Tech City
Internet giant Telehouse has signed a deal to expand its business in east London.
The group won a two acre site on East India Dock Road in an auction run by the Greater London Authority. The company, which already has offices nearby, lost out in the original bid but had another chance after the winner failed to complete on the deal.
Telehouse was not available for comment but details revealed in the contract said it planned to use the new site to increase its data centre capacity in Europe.
Its expansion is a big boost for the growing Tech City initiative, which is hoped will run from the City through Tower Hamlets and beyond.
No figure for the sale has been announced but it has been revealed GLA will save £34,000 a year on the costs of the site.
It added Telehouse was looking to support the growth of Tech City and the sale would "create opportunities and jobs for the East India Dock area", just north of Canary Wharf.
The site at 6-8 East India Dock Road was previously earmarked for high-rise residential but it was decided, being too close to the Blackwall Tunnel, this would be an unsuitable use.