The project for Orion Capital Managers and Quadrant Estates will transform the building formerly known as Carmelite House, which for many decades was home to Associated Newspapers.
The 1897 building near Blackfriars Bridge will undergo extensive work to improve its flexibility, appearance and sustainability credentials.
Designed by architects Fletcher Priest Architects, the building will offer 20,000 sq ft office floor plates, targeting occupiers from the West End, Mid-Town and the City looking for Grade A space.
Tristram Gethin, managing director at Quadrant Estates, said: “The additional floor delivers more premium office space for occupiers and the 7,500 sq ft roof terrace provides one of the very best views in London. This is what sets Carmelite Riverside apart.”
Improving the sustainability of the building is a key aspect of the refurbishment.
The project is targeting a BREEAM Excellent rating, and sustainable features including a green roof, low energy lighting and presence detection, heat recovery and improved natural light.
Materials for the project will also be sustainably sourced.
The project team includes quantity surveyors Gardiner & Theobald, engineers WSP, and mechanical and electrical engineers Chapman Bathurst. Project management on the site is by Second London Wall.
Morgan Sindall has also recently secured a contract to transform the former Pathé headquarters on Wardour Street in Soho as part of a major office refurbishment for Legal & General Property.