AXA Real Estate Investment Managers have appointed contractor’s Balfour Beatty to complete the office development, Sixty London.
Completion of the project will mean that the city will gain 215,000 sq ft of grade A office space in London City by summer 2013. 20,000 sq ft of retail and restaurant space will also be available on the ground floor of the building.
The site, which was previously that of Bath House, is targeting an ‘excellent’ BREEAM sustainability rating and has been upgraded to receive a carbon saving of 25%.
AXA Real Estate’s UK Director of Development, Harry Badham said: “Our team has worked incredibly hard over the past year to finalise and enhance the design and specification of Sixty London and to procure a construction programme – which began last summer – that meets our 2013 delivery timetable.
“We are now very excited to hand over the final construction phase to Balfour Beatty, who have an excellent team and track record, to deliver this fantastic new prime office building.”
AXA Real Estate is also developing properties in the St Paul’s area consisting of 10,000 sq ft of residential space and 60,000 sq ft of office space in London City. 20,000 sq ft of retail and restaurant space as well as 160,000 sq ft at 6 Bevis Marks is also in construction; this project is in conjunction with Eurohypo and MGPA.
Balfour Beatty have managed to secure £100m of contract work across the UK including further office space in London City and Glasgow.
Balfour Beatty Chief Executive, Ian Tyler, said: “We are delighted to see encouraging signs of renewed activity in the London commercial sector and to be able to demonstrate our diverse capabilities which enable us to take advantage of such growth opportunities.
“We have been able to harness technology to create innovative solutions for our customers and look forward to working with them in delivering these first class schemes.”