Morgan Sindall has secured an agreement for a £25 million redevelopment project at London's Victoria Embankment.
The company has been contracted to provide a significant regeneration of Carmelite Riverside which will be carried out for Orion Capital Managers. Morgan Sindall will work alongside Quandrant Estates, which has been tasked with the transforming of Carmelite House, currently a Grade II listed building, and has been home to Association Newspapers which publishes the Evening News and the Daily Mail.
Officials have stated that the development will begin in the coming weeks, with a completion date earmarked for April 2014.
Morgan Sindall explained that the design of the redevelopment will look to retain the majority of the building's original design by keeping the existing structural frame in place.
It will however include the replacement of the window and façade, as well as the remodelling of the floorplate, atrium and cores to improve natural lighting within the building. It is set to provide an ideal location for businesses to take up office space with up to 20,000 sq ft due to be created.
Tristram Gethin, managing director at Quadrant Estates, said: "This is a significant step forward and we can now get cracking on what is one of London's most exciting and enviable office locations adjacent to the brand new Blackfriars station.
"The additional floor delivers more premium office space for occupiers and the 7,500 sq ft roof terrace provides one of the very best views in London."
Morgan Sindall managing director Peter Jacobs also added that restoring one of the key buildings along the Victoria Embankment will give any potential businesses looking to relocate one of the best views London has to offer. The company also stated that it would be carrying on its commitment to delivering this project sticking to its sustainability aims.
This project represents a significant boost for Morgan Sindall at a time when experts are predicting continuing tough times for the construction industry.
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