Shunt, the award-winning experimental theatre group housed in the vaults below London Bridge station, have announced an extension of their residency by a year.

The company, which had resigned itself to leaving the venue due to redevelopment work at the station, will reopen its doors tonight (5 February), following what it terms "immense support" from Network Rail, Thameslink, Turner & Townsend and Southwark Council.

A statement on the Shunt website reads: "The Shunt Lounge ran for three years ending in November 2009. It grew from the gentle squeak of hand washed tumblers to the non-stop clanking of four overstretched industrial glass washers. We are now starting a new project. It doesn’t have a name yet. There will be more tables. This is the beginning."

Shunt co-founder David Rosenberg said: “It’s definitely one of the most fantastic spaces in London and to be able to programme such an incredible space, which has become very popular, is fantastic.”

Shunt, a ten-man collective best known for their large scale productions in alternative venues, are also currently presenting their critically-acclaimed show Money, loosely based on Emile Zola’s 1891 novel L'Argent, in a former tobacco warehouse on Bermondsey Street. Previous shows include Tropicana and Amato Saltone (See News, 27 Oct 2005).