Three Pancras Square has been designed by Porphyrios Associates and is an eleven storey building containing 160,000 sq ft of office space with shops and restaurants at ground level totaling 13,000 sq ft.

The block will sit at the corner of King’s Boulevard and Goods Way, overlooking the Regent’s Canal, with its main entrance on Pancras Square.

The value of the shell and core build is believed to be £45m-£50m.

Nick Searl, Partner at developer Argent LLP, said: “We are creating an attractive and accessible work place, in a building that does justice to its surroundings.

“Three Pancras Square is the next piece of the Pancras Square puzzle and sits in close proximity to the Regent’s Canal and some of the area’s most striking heritage features.”

Demetri Porphyrios, Principal of Porphyrios Associates, said: “Our design for Three Pancras Square is inspired by the robust repetition and change that both late 19th century industrial buildings and contemporary office buildings exhibit.

“We also wanted to build in a manner that celebrates precast stone, with its large tectonic scale and the attendant windows of glazed ‘gaps’. All found in the wonderful industrial world of King’s Cross”.

Construction of Three Pancras Square will start later in 2014, with the building expected to be completed in summer 2016.