en.Wedoany.com Reported - London and New York-based real estate investment manager Meadows Partners has submitted plans for the redevelopment of two buildings on Victoria Street in London, UK, with multiple contractors closely watching this construction project valued at over £150 million. The plans, drawn up by Piercy & Co, were submitted to Westminster Council late last year and involve the buildings at 10-18 Victoria Street and a second building at 20 Victoria Street.
The building at 10-18 Victoria Street was rebuilt in 1956 after suffering severe war damage, while the building at 20 Victoria Street was reconstructed in 1974. Both buildings were designed by Sir John Burnet Tait & Partners, with the former once serving as the headquarters for the American company Monsanto Chemical, which was acquired by German firm Bayer eight years ago. Meadows Partners assessed the existing buildings, stating: "10-20 Victoria Street are outdated buildings in urgent need of redevelopment. These buildings are inefficient and unsuitable for current and future office requirements."
The redevelopment scheme involves demolishing the existing buildings, retaining the basements, and constructing a stepped 13-storey building above. The project will nearly double the existing office space to over 24,000 square metres, while adding 750 square metres of restaurant and retail space. During public consultations last year, Meadows Partners indicated that this construction project could begin this year, with an expected completion date of 2029.
It is understood that Mace and Bovis are both monitoring this construction project, while Sir Robert McAlpine is also reportedly interested in participating. Other potential contractors, Multiplex and McLaren, are not involved. Currently, Mace is already on site at 1 Victoria Street, directly opposite, developing an office project for Mitsubishi Estate and Stanhope; Skanska is also working further down the street at 105 Victoria Street, developing a mixed-use project for Bentall Green Oak.
The project team also includes development manager Oxygen, cost consultant Quantem, structural specialist Heyne Tillett Steel, MEP consultant Hoare Lea, and planning consultant Montague Evans, with Opera serving as project manager. In comments made last month, government heritage advisor Historic England stated it "does not object in principle to the proposed demolition on heritage grounds," while the Westminster Society raised objections, as it is "concerned that the quality of the proposed building is not yet sufficient to justify the demolition of this significant 1950s building."
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