Major West London refurbishment for Stanhope

Major West London refurbishment for StanhopeLendlease’s construction business has been selected for a major refurbishment project at White City Place – formerly known as the BBC’s Media Village – on Wood Lane in West London.

The project is to refurbish three buildings at White City Place – WestWorks, Mediaworks, and Garden House – in order to create state-of-the-art commercial office facilities and help drive regeneration of the local area.

Contracts for the three buildings have now been signed with a total value of £80 million, and further works are currently being finalised for £7 million of landscaping.

The developers are Stanhope – a longstanding client of Lendlease’s construction business – together with Mitsui Fudosan and AIMCo.

Neil Martin, Managing Director of Lendlease’s construction business, said: “We’re excited to be working with our longstanding client Stanhope as well as Mitsui Fudosan and AIMCo on White City Place.”

Stanhope is also transforming Television Centre into a vibrant mixed-use development, featuring a total of 950 new homes, office space for the creative industries, restaurants and cafes, state-of-the-art studios for the BBC and a Soho House members club and hotel.

White City Place sits on 17 acres of land adjacent to the Imperial College campus, and is very close to White City and Wood Lane tube stations.

Plans for the area include up to 2,500 high quality homes, over two million sq ft of offices, new public spaces, an enhanced world-class shopping offer and a hub for academia, innovation and start-ups.

LendLease secures £40m Ruskin Square construction contract

LendLease secures £40m Ruskin Square construction contractSchroder UK Real Estate Fund (SREF) and Stanhope have appointed Lendlease as the preferred contractor for the first of five office buildings at Ruskin Square, London.

The partnership’s £500 million business, along with the residential and leisure quarter adjacent to East Croydon Station, is set to underway, with completion expected in autumn 2016.

Work on the building has now commenced, with the creation of 200,000 sq ft of flexible office accommodation and independent retail space on the ground floor.

Sir Edward Lister, Deputy Mayor for Planning, said: “Croydon is set to become one of the capital’s most vibrant town centres and a major driver of our economy. Lendlease’s appointment will act as a catalyst for change, bringing forward much-needed valuable office space in South London.”

The appointment builds on Lendlease’s recent succession of construction wins such as Legal & General’s office building in Hammersmith and the Rathbone Place scheme just off Oxford Street.

With a shortage of Grade A office accommodation in the central London market in particular, Ruskin Square’s total of 1.25 million sq ft of new office space will meet a growing demand from occupiers across the Capital and South East, for high quality, flexible accommodation, catering to Croydon’s burgeoning business community.

Situated at the heart of Croydon’s business district, the 2 million sq ft Ruskin Square development will also provide up to 625 residential units and 100,000 sq ft of retailing, cafes, restaurants and public space.

Work on the first residential phase at Ruskin Square began in July 2014, with Places for People appointed to build and manage the construction of 161 high quality homes, due to be completed in 2016.

Neil Martin, Managing Director, Construction at Lendlease, said: “We are looking forward to working with Stanhope and Schroders on this pivotal development in a part of South London that is set to undergo a remarkable transformation over the next few years.

Adding to our high–profile portfolio of major London construction jobs, the contract is testament to the strong relationships we have with our clients and our expertise in building mixed-use regeneration schemes.”

Willmott Dixon lands £20m Low Carbon Workplace job

Willmott Dixon lands £20m Low Carbon Workplace projectWillmott Dixon has landed its fourth project for the Low Carbon Workplace (LCW), a consortium that includes Stanhope, Threadneedle and The Carbon Trust.

The company has secured a £20 million contract to completely refit the 1980s built Summit House on Wilson Street to deliver 9,500 square metres of low carbon cat-A office space.

It follows the recent successful delivery of Mansel House in Wimbledon, which modernised a 1960s building to make it 50% more energy efficient than equivalent buildings.

At Summit House, close to Shoreditch, key alterations by Willmott Dixon include removing an existing storey and replacing with two new storeys to create a modern office over six levels featuring a new copper glass façade.

When complete in August 2016, it’s expected to attract a host of tech companies given its proximity Old Street’s Silicon Roundabout, home to many of the world’s leading start-up companies for developing new technology.

This is the latest project for LCW, which buys old property to modernise and increase its Energy Performance Certificate to at least a B rating. This future-proofs the property against rising energy bills and new environmental regulations such as the minimum energy performance standard – set to restrict the letting of buildings rated F or G from 2018.

Chris Tredget, managing director for Willmott Dixon in North London said: ”I’m really excited to be working again with LCW to deliver the next stage of its vision for low carbon offices that are efficient and comfortable for tenants and an attractive investment for the landlord. It certainly plays to our strengths of working on constrained, high-rise commercial sites in central London.”

Housebuilding scheme reaches out with new jobs

Housebuilding scheme reaches out with new jobsA 15-year housing deal that will see the building of hundreds of new homes and boost the building trades has been agreed between Hammersmith & Fulham Council and developer Stanhope.

The 50:50 joint venture will see the Council and Stanhope jointly take forward housing development opportunities – beginning with the creation of more than 300 homes over the next three years.

Of these 300 new homes, an estimated 40 per cent – approximately 120 – will be affordable intermediate housing sold at a discounted market rate to help local people take their first steps onto the housing ladder.

The borough’s cabinet member for housing, Cllr Andrew Johnson, said: “We’ve carefully considered how best to use our land assets more proactively – and firmly believe that joint ventures such as this can accelerate release of public land to help drive forward development, housing supply and economic growth.

“As well as delivering more than 100 low-cost-homes to buy, this partnership will also enable the council to ensure that the proceeds are ploughed back into similar schemes, estate improvements and reducing our £200 million of housing debt.”

Two council-owned vacant residential sites in Fulham have already been identified as opportunities to create new homes for this first phase of the joint venture – Watermeadow Court Estate and Edith Summerskill House.

The two sites have been empty for many years after being declared unfit for purpose and proving too costly to maintain. On the two sites, roughly double the original number of homes will be re-provided – addressing the local demand for both low-cost home-ownership and market sale properties.

It is expected that one third of the discounted market sale housing would be reserved for families on incomes of up to £30,000pa, one third would be affordable to those with incomes of up to £40,000 pa and the remainder would be affordable to those with incomes up to the Mayor of London’s official affordable housing limit of £80,000.

£500m Reading scheme gets the go-ahead

£500m Reading scheme gets the go-aheadBenson Elliot and Stanhope have secured planning consent from Reading Borough Council to start construction work on a £500 million redevelopment site of Station Hill in Reading.

The scheme will be built over several phases and the plans for the 5 acre site will also include the complete remodelling and refurbishment of the existing NCP car park, paving the way for new jobs in the trades.

Jason Margrave, Development Director at Stanhope, said: “The scheme provides a great opportunity to extend and enhance the retail core in line with the borough’s long term vision and it will also create significant new employment opportunities in Reading.”

The joint venture between Benson Elliot and Stanhope, is for a mixed-use development of the five acre site, which will provide office space and deliver 300 flats, 32,000 sq ft of shops and 9,000 sq ft of leisure space.

The first elements of the phased scheme will commence in 2014. In a separate decision the planning committee has approved plans to tear down the Station Hill retail parade to create a temporary events arena which will be ready by early 2015.

Phil Irons, Partner at Benson Elliot, said: “We are delighted to have secured consent for the redevelopment of this critical town centre site.

“This is an important milestone in the regeneration of an area that will ultimately be seen as the heart of Reading. We will be starting on site in 2014 and aim to deliver the first of the four office buildings by 2016.”