Commercial

One Lothbury

London

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Client: Welbeck Land

Project: The refurbishment of an existing office block in central London, including the retained façade.

Cost: £2.5M

Services: Project Management

Contemporary 167,000 sq ft office development located in the heart of London’s financial district.

The opportunity

As part of Total Project Integration’s project management role, two design options were considered and developed, a total new build and a retained façade. The planning application resulted in the retained façade scheme being approved.

The challenge

Due to the length of time it took to get planning consent, we managed the early procurement of the main contractor to ensure that construction works could commence as quickly as possible. This was fundamental to avoid extended cost of finances and the increasing risk of missing the market for the completed building.

The outcome

The main contractor was appointed on the Stage C Design Report, and this meant that the project was ready to commence on site six months earlier than if it had been procured on traditional 2 Stage Competitive Tender. Due to our team’s strong commercial acumen, we undertook the contractual negotiations. By making this informed decision it resulted in huge savings to the client based on our revised construction cost. The reduction in cost did not lead to a compromise in quality, in fact, we were able to make quality enhancements to the original specification. These included the use of natural stone cladding and special section curtain walling to the courtyard elevations, curved glass walling to the Ninth floor, curved glass flooring to the First floor, natural limestone flooring, polished concrete wall tiling, and enhanced reception finishes. Delays were also avoided by finalising a self-financing Incentive Agreement with the 2 contractors which created additional value through early completion and an increased nett-lettable area.

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