LaSalle Investment Management and its client, the Malaysian investor Permodalan Nasional Berhad (PNB), have selected Multiplex Construction Europe (Multiplex) as the main contractor for the construction of One Exchange Square, a 447,000 ft2 office development at Broadgate Campus in the City of London.
M3 Consulting are acting as the development manager for the project.
Designed by Fletcher Priest Architects, the 13-storey scheme to be delivered by Multiplex will comprise 430,000 ft2 of workspace and 17,000 ft2 of retail scheduled for completion in Q1 2026. One Exchange Square is targeting exemplary environmental credentials, including a BREEAM Outstanding rating and Well Platinum. By retaining 90% of the existing structure, the asset will have 50% lower embodied carbon than a typical new build office of comparable size.
Gary Moore, head of International Accounts, Europe, LaSalle Investment Management commented: 'Once completed, One Exchange Square will be a truly landmark office development in London. It will boast top-notch environmental performance ratings in a conveniently central location, and is poised to be highly sought after for years to come. We are excited to work with Multiplex on its development and construction, integrating state-of-the-art design and sustainability features to cater to the needs of its future tenants.'
JLL and Cushman and Wakefield are advising on the repositioning and leasing of the project.
