Wates has been chosen to rebuild the Old Marylebone Town Hall in a development part-funded by Israeli billionaire Idan Ofer.
Wates Construction will be the main contractor for the refurbishment of Old Marylebone Town Hall, whose backers London Business School have received part-funding through a £25m donation from Mr Ofer, who is principal of Quantum Pacific Group.
The 123,400 sq ft development will expand London Business School’s teaching facilities.
Wates will partly demolish and restructure the former Westminster Council House and annexe buildings, while building new auditoriums with AV and IT facilities, a new three-storey building with six lecture theatres, 35 seminar rooms, a library, offices and faculty spaces, and a student lounge.
London Business School acquired the building from Westminster City Council in 2013.
Designed by Sheppard Robson, the project will include the conservation of the building’s early 20th century period features.
Wates Construction London managing director Phil Shortman said: “It’s an honour for Wates to be entrusted with the preservation of such an iconic landmark.
“We have an excellent project team in place to apply their wealth of experience in the higher education and heritage sectors in order to deliver what will become a place of world-class research and learning.”