Kier has been given the go-ahead for an 86,000sq ft mixed-use scheme on London’s Tottenham Court Road.
The contractor has started work to develop a site to include more than 65,000sq ft of office space, about 11,000sq ft of retail and 9,000sq ft of residential space, with the work valued at £65m.
The project, known as The Fitzrovia, is located next to the new Elizabeth Line station at Tottenham Court Road, which opened in May. The value of the total development is £200m, with Kier being appointed as the main contractor this week.
The use of offsite-construction methods for The Fitzrovia will help to keep the complex’s carbon footprint to a minimum, as developer M&G Real Estate looks to achieve a Breaam outstanding rating.
The contractor will also install solar panels to further increase the finished scheme’s sustainability. Work is set to complete in the third quarter of 2024.
Kier’s managing director for London, the South and strategic projects, David McKenzie, said: “In line with our ‘Building for a Sustainable World’ framework and our award-winning ‘The Choice Factory’ approach, we will be using modern methods of construction and digital solutions to optimise programme time without compromising on quality.”
He added: “This approach will provide significant sustainability benefits for the local community by reducing the amount of carbon used in the build programme while minimising waste on site and the number of deliveries required.”
CO-RE is the development manager on the project.
Kier is undergoing a push to expand its portfolio in the mixed-use regeneration space, which received a boost when its developer arm, Kier Property, formed an £80m joint venture with affordable housing investor Housing Growth Partnership in June.