Boutique developer Aitch Group and property investor VFund have entered a joint venture to restore and develop the Grade I listed building, which is one of just six left in the borough.
The so-called work campus, which will consist of two buildings called Vetus and Novum, has already snagged the approval of the council.
The property duo will begin construction on the 14,261 square foot space once a tenant has been secured for the building, though Vetus is expected to take a year and Novum is anticipated to take 18 months to build.
The campus, minutes away from Old Street Station and Bishopsgate, will feature meeting rooms, group work areas, as well as kitchen and dining areas.
