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

The first phase of the town centre development was forward funded by Scottish Widows Investment Property Partnership Trust for £50m last October.

Julian Barwick, director of 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 centre, attracting first-class occupiers to this prime location.”

Andy Willats, director for Wates Construction said: “We look forward to developing our relationship with Development Securities and further strengthening our commercial portfolio in London.”