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The approval allows the current 1980s office block to be replaced with a development rising to 16 and 20 storeys.
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The five-storey, 155,500ft² residence hall will provide approximately 507 new beds in single and double rooms.
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The redevelopment will expand production capacity by increasing stage space to approximately 100,000ft² across five sound stages.
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The project will feature 436 flats, retail, parking, rooftop amenities, and public spaces.
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