Galliford Try has won a £66m contract to build HSBC’s new UK head office in Birmingham.
Developer ACDL appointed the contractor to deliver the first phase of the Arena Central development in the city centre.
The centrepiece of the development will be the 212,000-sq ft 2 Arena Central building, which has already been bought by HSBC to house the HQ for its ringfenced UK personal and business arm.
Work on the project is due to start later this summer and complete in 2017.
Alongside the office block, Galliford Try will also deliver £10m of public space, designed by landscape architects Gillespies.
Galliford Try West Midlands and South-west managing director Simon Burton said: This is a significant appointment, with Arena Central representing one of the most high-profile active development sites in Birmingham.
“We will now work closely with ACDL to ensure the delivery of a high-quality product that matches the aspirations of this statement site.”
The £400m Arena Central masterplan will eventually include one million sq ft of office and residential space, including more than 400 apartments.
Work has already begun on the extension of the Midland Metro tram to service the development, with a new stop located adjacent to the Arena Central site.
The masterplan is being developed by ACDL, a joint venture between Miller Developments and Pro Vinci Asset Management.
Miller development director Jonathan Wallis said: “This site represents a landmark development for Birmingham, with the forward purchase of 2 Arena Central marking one of the most significant inward investment deals to take place in the region for over a decade.
“Galliford Try emerged from a highly competitive tendering process as the stand out contractor that we have entrusted to deliver our vision at Arena Central.
“We are focused on the start of the construction phase of this project, following the completion of the demolition works.”