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ISG wins £30m London office job

ISG has been selected to design and build a £29m office development in central London.

Developer McKay Securities has chosen the contractor to build a 12-storey building in the City of London.

Works include curtain walling and stone cladding of the building’s façade.

It will also see the company demolish the existing Lombard House, which was built in the 1960s.

The new building will expand the amount of office space available from 35,800 sq ft to 58,000 sq ft.

The project is expected to complete in early 2018.

McKay Securities managing director Simon Perkins said: “The supply of new buildings for mid-sized occupiers looks set to remain constrained and we are confident that this scheme will be well received by the market.

“This exciting project is in addition to our speculative office schemes in Redhill and Reading, which remain on programme for completion in H1 2016.

“These three schemes currently have a combined rental value of £5m pa in markets where lack of supply continues to generate rental growth.”

ISG Southern regional managing director Stuart Deverill said: “Our early stage involvement, through the two-stage procurement process, has proved instrumental in identifying programme efficiencies, as well as establishing and resolving key buildability issues.

“This approach is ideally suited to challenging projects where our wealth of experience and ability to rigorously interrogate the design brief facilitates innovation, paving the way for successful delivery.”

It comes a day after ISG bagged a £10m fit-out scheme for Brit Insurance at the Leadenhall Building in central London.

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