Bovis Lend Lease has turned up trumps on two high-profile deals in
London totalling more than £140m.
The company has emerged triumphant from a lump-sum two-stage tender
battle to scoop stages two and three of Land Securities' £180m
Bankside scheme in Southwark.
Phase two will feature about 17,800m2 of office space and 890m2 of
retail use.
The third phase includes about 23,900m2 of offices, plus 2,500m2
for mixed-use development.
The final phases of the Bankside project are valued at about
£102m and are scheduled to start on site this autumn, with the
entire scheme, spanning some 91,500m2, expected to be completed by
autumn 2007.
Bovis is on site with the first phase of the project, after
overcoming opposition from rivals Sir Robert McAlpine and
Multiplex.
The first phase will be ready for fitting-out next year.
A project insider said: "The main construction package for Bankside
has gone to one firm, but it's still not clear whether Bovis will
carry out the fit-out work as well or whether it will be handled as
a separate deal."
The scheme, which is designed by Allies & Morrison, is on the
site of St Christopher's House, the former home of the Highways
Agency, behind the Tate Modern gallery.
The second deal, for developer British Land, is worth approximately
£40m.
The scheme, at Westminster, includes demolishing the existing York
House and constructing four-storey offices, to be known as the York
Building, at Great Cumberland Place.
The deal will also feature 22 residential apartments.
The architect is London-based practice EPR.