Development Securities PLC announces start on site at prime office scheme in Hammersmith Grove (UK)

Development Securities PLC announces the appointment of Wates as contractor at its 275,000 ft² (approx. 25,500 m²) prime office development in Hammersmith Grove, West London.

Work on site will commence immediately on the first phase of the development comprising 110,000 ft² of prime office space as well as 6,000 ft² of cafes, restaurants and public space, due for practical completion in early 2013.

The first phase of the town center development was forward funded by Scottish Widows Investment Property Partnership Trust (SWIPPT) for £50 million in October 2011.

Julian Barwick, Director, Development Securities said: "Our scheme at Hammersmith Grove is set to deliver some of the best new office space in West London into a tightly supplied market. The scheme will play an important part in the regeneration of Hammersmith's town center, attracting first-class occupiers to this prime location. Wates are an experienced and quality contractor and we look forward to working with them to deliver this scheme."

Andy Willats, Director for Wates Construction said: "We are delighted to have been awarded the project at Hammersmith Grove. Not only will we be delivering a first class project, but we will be playing a major part in the overall regeneration of Hammersmith. We look forward to developing our relationship with Development Securities and further strengthening our Commercial portfolio in London."

Source: Development Securities

Related News