Contractor named as new City office targets 2026 completion

LaSalle Investment Management has selected the main contractor for the development of a 447,000 sq ft (41,528 sq m) a state-of-the-art office to be built in the City of London and scheduled for completion in early 2026.

Multiplex Construction Europe has been chosen to build One Exchange Square, part of the Broadgate Campus, on behalf of its owner, Malaysian investor Permodalan Nasional Berhad (PNB).

The 13-storey scheme will comprise 430,000 sq ft (39,948 sq m) of workspace and 17,000 sq ft (1,579 sq m) of retail. Floorplates average 40,000 sq ft (3716 sq m) and every floor has a landscaped terrace which will total 33,000 sq ft (3,065 sq m) in all.

Designed by Fletcher Priest Architects, One Exchange Square is envisioned as an “office of the future”, meeting high sustainability and wellness standards. Environmental credentials will include a BREEAM Outstanding rating, NABERS 5* and Well Platinum.

By retaining 90% of the existing structure, the asset will have 50% lower embodied carbon than a typical new build office of comparable size, saving approximately 7,600 tonnes of CO2 compared to the GLA 2030 target. The project is 100% electric.

“Once completed, One Exchange Square will be a truly landmark office development in London. It will boast top-notch environmental performance ratings in a conveniently central location, and is poised to be highly sought after for years to come,” said LaSalle Investment Management’s head of international accounts Europe Gary Moore.

JLL and Cushman and Wakefield are advising on the repositioning and leasing of the project.