BAM Construction has started work on the £23m final phase of the Regent Quarter development in central London.

BAM has been appointed by joint venture developers Henderson Global Investors and Istithmar P&O Estates for the mixed-use regeneration scheme at London’s King’s Cross.

The project comprises a seven-storey block housing 35 apartments; a six-storey office block; and a five-storey block comprising one retail and three residential units.

Conversion of former stables into offices completes the deal, which sees BAM return to the development it first worked on in the late 1990s.

Sustainability features include geothermal cooling systems and bio-diverse roofs. The office space is aiming for a BREAAM Excellent rating.

Piling started in early December ahead of the full contract award, and the concrete frame is now complete. The project is scheduled to complete in April 2013.

BAM Construction senior project manager Paul Joyce said: “This long-awaited project is a good sign that the London commercial market is moving again after a difficult period. The King’s Cross area is being developed at quite a speed and we are delighted that BAM is playing its part in regenerating the area and kick starting the local economy.”

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