Wates lands £53m City of London office extension

Wates has won a £53m refurbishment and extension contract for a Grade II-listed office in the City of London.

The contractor will carry out work on 41 Lothbury, a former headquarters of Natwest bank that is situated close to the Bank of England.

The job will include the building of an eighth floor and rooftop terraces, as well as the refurbishment of many parts of the building.

Real estate client Pembroke appointed Wates Construction to the job. The project is set to be completed in 2024, when law firm Addleshaw Goddard is set to occupy the building.

Matthew Knight, senior vice president at Pembroke, said: “We look forward to working closely with Addleshaw Goddard and Wates to deliver this fantastic transformation of such an iconic City of London building.”

Wates previously refurbished the same Edwardian office in 2004.

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