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Fri April 23 2021

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ISG signed up for £29m Lombard Street office development

7 Oct 15 ISG has signed a £29m contract for the speculative redevelopment of a City of London office block.

The new building that is planned for 30-32 Lombard Street
The new building that is planned for 30-32 Lombard Street

Owned by real estate investment trust McKay Securities, the existing 1960s office block at 30-32 Lombard Street, London EC3 is to be knocked down and replaced by a new building.

ISG's client is Baldwin House Ltd, a wholly owned subsidiary of McKay Securities.

ISG has already stripped out the old eight-storey concrete-framed building. Next stage is demolition. The perimeter basement walls will be supported as ISG carries out piling work ahead of the construction of the new 12-storey steel frame structure – which comprises two basement levels and 10 above ground floors. Main construction is scheduled to start in early 2016 with completion in early 2018

The completed building will provide 58,000 sq ft (5,390 m2) of office accommodation on the ground and nine upper floors; the building will also have a lower ground floor and a basement.  The design of the building incorporates curtain walling and stone cladding elements to its façade, with terraced areas at floors 7 and 9.  

McKay expects the new building to achieve a BREEAM Excellent environmental rating, “through a design focused on the use of high-performance building materials and highly efficient mechanical and electrical services”.

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McKay managing director Simon Perkins said: "The appointment of ISG is an important step towards the delivery of this prime redevelopment.  This will be an attractive workspace in the heart of the City of London.  The supply of new buildings for mid-sized occupiers looks set to remain constrained and we are confident that this scheme will be well received by the market."

"We look forward to working with the team at ISG, who are highly regarded for their construction expertise in the City."

Stuart Deverill, ISG’s Southern regional managing director, said: “Our early stage involvement, through the two-stage procurement process, has proved instrumental in identifying programme efficiencies, as well as establishing and resolving key buildability issues. This approach is ideally suited to challenging projects where our wealth of experience and ability to rigorously interrogate the design brief facilitates innovation, paving the way for successful delivery.”

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