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Thu July 25 2024

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Red Construction lands £50m Westminster office contract

26 Jun Property investor Tellon Capital has appointed Red Construction Group to take over its redevelopment of 40 Broadway in the heart of Westminster.

CGI of 40 Broadway
CGI of 40 Broadway

Red Construction is set to start its £50m contract this summer as part of a wider redevelopment, with completion estimated by Q4 2025.

Tellon’s scheme, which has a gross development value of £200m, will create 130,000 sq ft of WELL Platinum and BREEAM Excellent rated office space over nine stories, including basement.

Henry Construction projects was originally appointed to the job in September 2022 before it fell into administration in June last year.

The 40 Broadway site, opposite St James’s Park tube station, originally comprised a 1960s office building at 40/48 Broadway with large car park, a 1920s warehouse-style building at 1/11 Carteret Street and a further 1980s office building at 13/15 Carteret Street. Tellon secured planning permission for the scheme back in 2018.

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Red Construction will erect a steel frame from the ground to eighth floor and create a natural stone façade on the Broadway elevation with projecting full-length feature windows. In keeping with the appearance of the neighbouring Grade II listed buildings, the rear of the building features traditional brick work and a metal clad mansard from the fifth floor to the roof.

Red Construction director Ian Hopkinson said: “The redevelopment of 40 Broadway is a prime example of what Red Construction London does best. Nestled in the heart of Westminster, our team is well-versed in appraising the unique construction challenges due to the capital’s heritage and scale. Tellon Capital’s 40 Broadway is yet another first-class well-being-focused office development that we are excited to be a part of.”

Tellon Capital founder James Burchell added: “This is a really exciting project, breathing new life into Westminster.”

 

Great views from the roof terrace
Great views from the roof terrace

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