Balfour Beatty will collaborate with the London development company Northacre and Palace Revive Development in the run up to the full construction contract award, which is expected in early 2016. Construction will begin soon after and completion is scheduled for the end of 2017.
The full scheme involves the refurbishment of a six-storey listed building as well as construction behind retained facades and a complex four-storey basement build.
Once complete, the development will house 72 apartments, many of which offer views over the gardens of Buckingham Palace. Residents will also benefit from onsite leisure facilities, including a gym and a swimming pool. The site will encompass five architectural styles, ranging from French Renaissance to Contemporary, with a Grade II listed retained façade.
Dean Banks, managing director of Balfour Beatty’s UK construction business, said: “I am very pleased that our technical solution to the construction of this complex build has been embraced by Palace Revive Development Ltd and Northacre. Our proven ability to succeed in constrained construction environments in busy city centres means we are well suited to this prestigious project and we look forward to securing the full contract award early next year.”