Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Wates wins pre-construction contract for British Land scheme

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.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.