LGIM Real Assets and Mitsubishi Estate London have broken ground at 245 Hammersmith Road, on a 250,000 sq ft office based scheme.
Demolition works have recently been completed by Erith, and Lendlease has
been appointed to deliver the £200M construction project.
New green spaces will, hope LGIM, transform this area of Hammersmith as they will
be open to the public, offering restaurants, retail and a new public plaza and
a secluded urban park.
The building and its surroundings will form an important part of regenerating the centre of Hammersmith, creating a bold new destination at the heart of this popular urban location.
The building will consist of a basement, ground and 11 upper storeys as well as the
new urban park and plaza to the Hammersmith Road. It is targeting a BREEAM “Excellent” rating. It is looking to maximise its social value through a research project jointly funded with the BCO to ensure that the building is positively contributing to its community during and after the construction process.
Simon Wilkes, Head of Business Space Development,LGIM Real Assets, said: “The building aims to create a new standard of office space for Hammersmith
with unparalleled amenity for occupiers including a new plaza and urban parks.
The building will also have extensive shared workspace as part of the entrance,
creating a stimulating workplace which nurtures wellbeing and looks to inspire and
connect its future occupiers.
Yuichiro Shioda, Managing Director & CEO of Mitsubishi Estate London Limited, the London based wholly owned subsidiary of Japan’s leading developer Mitsubishi Estate, said: “245 Hammersmith Road will be a landmark scheme for the area, and the breaking of ground is good news for a market that is currently under-supplied with quality office space. We are already seeing interest from occupiers, attracted by the building’s innovative design features and the wider advantages of a Hammersmith location.”
Last year Mitsubishi Estate London became LGIM Real Asset’s 50% partner in the project. The partnership is speculatively developing the new scheme, designed by Sheppard Robson, with completion expected in 2019.