LGIM Real Assets and Mitsubishi Estate London have launched 245 Hammersmith Road, their 242,000 sq ft redevelopment of the former Bechtel House in central Hammersmith. They also announced the first letting to CBRE’s flexible offices business Hana.
The building, designed by Sheppard Robson, has 11 floors, with five over 27,000 sq ft, which, say the developers, will be the largest floorplates in Hammersmith. The first and second floors of the building, totalling 28,000 sq ft, have been let to Hana.
A research project, done jointly by the developers and the BCO, suggests the scheme has delivered £28m of social value to the town by promoting a range of local skills and employment, creating opportunities for local businesses and social enterprise, enabling a stronger and healthier community, and protecting and improving the surrounding environment.
The scheme includes new public green spaces, restaurants, retail, and new public plaza.
Simon Wilkes, Head of Business Space Development, LGIM Real Assets, said: “245 Hammersmith Road is a bold and game changing scheme for Hammersmith and Fulham which has created millions of pounds of social value. The building has delivered a new standard of office space with unparalleled amenity for occupiers and the local community, including a new plaza and urban parks. The building has extensive shared workspace as part of its inviting entrance area, creating a stimulating workplace which nurtures wellbeing and looks to inspire and connect its future occupiers, as well as the whole community who can enjoy the large green spaces.
“We are delighted that we are able to welcome Hana to the building and are excited to announce more new occupiers in the near future with a number of the other floors already under offer.”
Yuichiro Shioda, Managing Director & CEO of Mitsubishi Estate London Limited, the London based wholly owned subsidiary of Japan’s leading developer Mitsubishi Estate, said: “It is always gratifying to deliver a finished new building and, in 245 Hammersmith Road, we have created something that makes a positive contribution to both the local occupier market and the local community.
“This is our third project with Legal & General, with whom we enjoy a healthy and productive relationship and look forward to further future collaboration as we continue to increase our foothold in the London market.”
Andrew Kupiec, CEO of Hana, said: “Hana is thrilled to bring our unique flexible space solution to 245 Hammersmith in partnership with Legal & General and Mitsubishi Estate. 245 Hammersmith is a perfect fit for Hana’s welcoming and sophisticated flexible workspace befitting high-growth and enterprise companies.”