Real estate technology firm EDGE Technologies has entered the UK commercial property market with the acquisition of a £50m (€56.2m) office development site.

EDGE said it has bought 60 St Thomas Street site on London’s South Bank, subject to planning permission, for a development expected to take up to five years to complete.

EDGE is known for incorporating a technology-driven operations platform that delivers the best buildings and solutions for customers.

Boudewijn Ruitenburg, EDGE COO, said: “London is a global city that attracts business and talent from all over the world, so it is a natural choice for our next location.

“Our first development will bring our ethos and technology platform to the UK for the first time and we are actively looking for more sites across London to expand.”

EDGE is owned by OVG RealEstate and has offices in Amsterdam, Rotterdam, Berlin, Hamburg and New York.