The new 12-storey building (including basements) will replace Bechtel House, the former UK headquarters of the US construction giant.
The 250,000-square-foot scheme has been designed by architect Sheppard Robson for joint developers Legal & General and Mitsubishi Estate London. Gross development value is £275m.
The scheme has already received planning permission from Hammersmith & Fulham Council with demolition of the existing Bechtel House already underway. Construction is due for completion in the first quarter of 2019.
When Lendlease was first lined up for the job back in January 2015, the contract value was put at £75m.
Neil Martin, managing director of Lendlease’s construction business, said today: “We are really pleased to be working again with Legal & General and Mitsubishi Estate London – both are longstanding clients of ours and the strong relationships between our companies add great value to the development. Lendlease excels at just this kind of high-end scheme, with a high-specification design, mixed-use element, and a tight urban footprint.”