The project win is a major coup for BAM in the Square Mile, which beat rival bids from Wates and McLaren to take the major revamp of the 2008-built tower building.

British Land aims to bring the building up to the highest sustainability standards and will also add a three-storey extension at the front of the landmark building at the Broadgate Campus.

This building will be constructed of re-used steel and cross laminated timber topped with a 6,200 sq ft terrace.

In the main tower, floors will undergo refurbishment and fit-out to meet modern occupier expectations for high performance buildings.

The project will also transform Broadgate Plaza, creating a green oasis in the City to enhance biodiversity and support city workers’ wellbeing.

The scheme is expected to complete in late 2026.

David Lockyer, Head of Development at British Land, said: “British Land has an excellent track record of developing high quality, sustainable towers which meet the standards of modern-day occupiers.

“Following our commitment to deliver 2 Finsbury Avenue last year and recent leasing success across the Broadgate campus, this is another significant milestone for both the campus and the wider City as we deliver another office tower into a market where there is short supply of high quality, modern space but very high demand.”

So far this year, British Land has agreed terms or placed under offer c.200,000 sq ft of office space at Broadgate.

The Broadgate Tower project is targeting BREEAM Outstanding, as well as an EPC A rating and WELL certification.