Wates has been appointed to a pre-construction deal to build British Land’s 4 Kingdom Street commercial development, Construction News can reveal.
The 147,000 sq ft office development will be built at Paddington Central, the design of which was recently improved by the client, according to its latest accounts.
4 Kingdom Street will sit nearby 5 Kingdom Street, which collectively have an estimated value of £180m.
British Land had previously put the development value of 4 Kingdom Street at £91m. A contractor has not yet been appointed to the 5 Kingdom Street development.
In a joint response the firms told Construction News: “Following the conclusion of the first stage of a two-stage tender process, Wates has been appointed under a pre-construction services agreement to work up a fixed-price lump-sum offer pursuant to entering into contract for the construction of 4 Kingdom Street.”
British Land set out its near-term pipeline of 2m sq ft in May this year, as it forecast further growth in London’s office and residential markets.
Speaking to Construction News at MIPIM UK this month, British Land executive director and head of offices Tim Roberts said the team had a further 320,000 sq ft mixed-use scheme planned next year on Shoreditch’s Blossom Street.
Wates’ recent office wins include its appointment to the Roydhouse Properties (Central Square) / Marrico £100m Central Square development on Wellington Street in Leeds and the £41m second phase of Development Securities’ Hammersmith regen scheme, having completed its first phase last year.