Multiplex, the Australian construction firm, is in talks with Sellar Property Group over the contract to build the 1,016 ft London Bridge Tower, it was reported on Monday.
Sellar is understood to have held discussions with Multiplex with a view to formerly offering it the contract within the next six months. Sources close to the Sellar said it had also held talks with Laing O’Rourke, but that Multiplex was the frontrunner.
Construction work on the tower, nicknamed the Shard of Glass, is expected to begin in 2005 and be completed in 2009. When completed, it will be Europe’s tallest building, totalling 1.4m sq ft, and providing 600,000 sq ft of office space, a hotel, residential apartments, retail and restaurant space, a fitness club and observation galleries.
Only 29 floors of the 66-storey tower will be devoted to office space, but a 16-storey office block will be attached to the side of the tower.
The construction cost of the tower is expected to be around £350m, but once complete the building should be worth over £1bn.
Multiplex has won a number of prestigious UK construction contracts, including the new Wembley Stadium and Chelsfield’s £1.5bn White City retail scheme.
Source: Freeman News / The Times