McAlpine £350m Deutsche Bank job delayed four months

Aaron Morby 3 years ago

Developer Landsec has revealed that its flagship £350m Deutsche Bank HQ project in London has been delayed by another four months because of Covid restricted working.

Extra costs at Moorfield project are within original contingency budgets
Extra costs at Moorfield project are within original contingency budgets

Main contractor Sir Robert McAlpine originally was due to finish the 564,000 sq ft City office scheme above Crossrail’s Liverpool Street Moorgate ticket office by November this year.

This slipped before the pandemic to March 2022 and now has been pushed back once more to July.

McAlpine doubled the facility space for construction workers in order to accommodate more workers in a Covid-secure way at the 21 Moorfields site.

Weekend working was also introduced to mitigate some of the delays resulting from lower on-site capacity, but as a result of lower on-site capacity, practical completion has now been put back to July 2022.

It three other schemes in construction – Lucent (Piccadilly), The Forge (Southwark) and n2 (Victoria) – are now fully committed to after Landsec initially negotiated break options with contractors to give flexibility around capital spending

Completion dates at The Forge, Lucent and n2 are June 2022, December 2022 and June 2023 respectively.

Landsec said that additional costs resulting from the impact of Covid-19 had been accommodated within the contingency allowances of the schemes’ total development costs.

It was are already reported occupier interest in its three speculative schemes which it will continue to work towards securing pre-lets on.

Three pipeline schemes awaiting pre-lets

At Portland House, SW1, strip out and design works continued through to the end of April. We are currently assessing the potential timing of the scheme and are likely to pause to manage development exposure.

Laing O’Rourke has signed a PCSA deal for the £195m Timber Square job in Bankside

At Timber Square in Southwark, demolition of the existing building is due to commence by the end of May 2021 with a decision on development of the zero carbon office building to be taken by the autumn.

Existing building at development site

At 55 Old Broad Street, EC2, we will continue to work towards vacant possession in December 2024. In the meantime, we will be working up development plans while protecting short-term income.

Latest news

Geoffrey Osborne files administration notice

Contractor in talks to save parts of the business
2 days ago

RG Group signs £121m Newcastle rental homes job

Developer Olympian Homes advances 519 flats plan at Pottery Lane site
1 day ago

Winners named for £260m Manchester Uni framework

B&K, Henry Bros, Graham, Robertson and Vinci among new line-up
2 days ago

Shed specialist Benniman rides out market lull

Worcestershire warehouse builder says industrial and logistics work is picking up again
1 day ago

Another contractor cleared after high profile immigration raid

Adana Construction employees were working legally on site swooped on by Home Office
1 day ago

McAleer & Rushe wants to meet new London suppliers

Contractor holding Meet the Buyer event in London: Register now
2 days ago

McAlpine signs £500m Broadgate dual towers deal

Work to start on iconic 36-storey and 21-storey towers
2 days ago

Worker rescued from collapsed four metre deep trench

Fire crews take six hours to save trapped builder near Blackwall Tunnel
3 days ago

Gove puts another major building scheme on hold

Secretary of State starts another planning fight after M&S defeat
3 days ago

Greenwich University tenders £300m framework

Up to five firms will carry out upgrade and newbuild work at three campuses
3 days ago

Work starts on Manchester 26-storey Obsidian tower

Contractor Domis starts Salboy's 10th Manchester scheme in seven years
2 days ago

Race for £1.3bn West Midlands social homes framework

The Community Housing Group reboots tender race for new build housing
2 days ago

Delancey submits £400m King’s Cross lab plans

200,000 sq ft lab/office project will be built above railway and tube tunnels just 4.5m below
3 days ago

Winners revealed for £150m fire safety framework

New deal will help organisations comply with the Building Safety Act
3 days ago

Sellar plans £500m City tower next to Walkie-Talkie

Consultation starts on London 60 Gracechurch Street tower
3 days ago

Severfield ends year on high with record order book

Orders top £500m with strong future pipeline of opportunities ahead
4 days ago

Second senior director exits National Highways

Commercial director Malcolm Dare set to move on to new role
4 days ago

New scheme fuels London lab building boom

Plans in for 160,000 sq ft Whitechapel scheme near Royal London hospital
4 days ago

Contract race starts for next £155m section of A9 dualling

Prior Information Notice published for Tay Crossing to Ballinluig stretch
4 days ago

£55m Sheffield build-to-rent scheme approved

Demolition to start later this year for 158-flat Sheffield Garden project
4 days ago

London back as most expensive place to build in world

Capital leapfrogs Geneva to top costliest construction rankings
4 days ago

Gas supplier Regent to buy TClarke for £90m

£491m turnover listed building services specialist to be sold
5 days ago

Steel contractor Billington launches into bridge market

Steelwork firm hires staff from failed architectural and bridge specialist SH Structures
4 days ago

McGee employees benefit from rise in profits

Pre-tax profit doubles boosting payouts for Employee Ownership Trust
4 days ago

Lendlease veteran is latest new McAlpine director

Paul Sims joins as Operations Director after 40 years at rival contractor
5 days ago

Costain signs site labour supply deal with four firms

Contractor to use only a quartet of providers for temporary labour supply
5 days ago

BAM go-ahead for Leeds 200,000 sq ft office

Latitude Yellow will complete final plot at Doncaster Monk Bridge site
5 days ago

VolkerFitzpatrick wins £30m logistics job

Latest deal to build five distribution units for Prologis UK
5 days ago

Trio win new Scape utilities consultancy framework

Perfect Circle, AtkinsRéalis and Arcadis win places on
5 days ago

Precast firm FP McCann cleared after immigration raid

Home Office takes no action after public raid on construction site
6 days ago

Contractor services