£340m Broadgate construction to start in April
Main construction work on 5 Broadgate in the City of London will start in April, joint venture developers British Land and Blackstone have confirmed.
Demolition and site preparation works are currently being completed at the site near Liverpool Street Station.
British Land confirmed in a Stoke Exchange statement this morning that “development of the new 700,000 sq ft building will proceed” now a contract with tenant UBS has been rubber-stamped.
Mace is construction manager on the job which is expected to be complete by the end of 2014.
British Land said, “The joint venture has already place or tendered around 60% of the project’s construction costs within budget and programme.”