Construction has begun on new Canary Wharf office space. Canary Wharf Group is overseeing construction of the 20 storey building at 25 Churchill Place.
Canary Wharf Group has started construction on a new 20 storey office space development in Canary Wharf.
Work has already begun on the 50,000 sq ft development at 25 Churchill Place which, once completed, will become the new headquarters of the European Medicines Agency in 2015. Two cranes have already been erected at the site, with the slip formed concrete core expected to make its debut on the Docklands skyline within the next couple of months.
Set to be completed in 2014, 25 Churchill Place will sit alongside Wood Wharf to offer businesses Grade A Canary Wharf office space in the corporate heart of London. It’s thought that once completed the building will become one of the most environmentally friendly buildings in the locality. Expected to be awarded the BREEM ‘Excellent’ rating, the development will offer a range of green features including ultra-efficient air conditioning which recycles the energy from exhaust air to generate energy from the sun’s rays.
Last year it was announced that the European Medicines Agency would take approximately half the Canary Wharf office space available in this building (250,000 sq ft) on a 25 year lease. Due to begin in January 2015, the agency will occupy the promenade, ground and first nine floors at a rate of £46.50 per sq ft. As anchor tenant, the EMA also have the option to lease an additional four floors which offer around 27,500 sq ft of office space each.
Contracts have already been appointed for the development’s construction, with Canary Wharf Contractors being awarded the construction of the shell, core and fit out. According to reports, Byrne Brothers will provide concrete for the new Canary Wharf office space and Kone will install the elevators. Seele will be responsible for installing the cladding.
Other construction contracts for 25 Churchill Place due to be appointed later this year include mechanical and electrical packages as well as structural steel.
Commenting on the new Canary Wharf office space, managing director of development at Canary Wharf group John Pagano said: “25 Churchill Place will provide a major boost to the local economy, in terms of jobs and contracts and retaining yet another world-class organisation in central London.”