Work has commenced on a £200 mln (€227 mln) office scheme in Hammersmith, West London, between institutional asset manager Legal & General Investment Management (LGIM)'s Real Assets division and Mitsubishi Estate London, an affiliate of Japanese investor Mitsubishi Estate.
Demolition works have been completed by Erith for 245 Hammersmith Road, W6, a 250,000 ft2 office-based project. Lendlease has been appointed to deliver the scheme.
'This is a milestone event for 245 Hammersmith Road as this bold new destination in the centre of Hammersmith starts to come to life,' commented Simon Wilkes, head of business space development, LGIM Real Assets. 'The building aims to create a new standard of office space for Hammersmith with unparalleled amenity for occupiers including a new plaza and urban parks.'
The scheme is targeting a BREEAM 'Excellent' rating. Mitsubishi Estate London became LGIM Real Asset’s 50% partner in the project last year, with completion expected in 2019.
'245 Hammersmith Road will be a landmark scheme for the area, and the breaking of ground is good news for a market that is currently under-supplied with quality office space,' said Yuichiro Shioda, managing director & CEO of Mitsubishi Estate London. 'We are already seeing interest from occupiers, attracted by the building’s innovative design features and the wider advantages of a Hammersmith location.'
