London Construction on the Rise- Great News for Derwent London.
Posted on: 13/08/2015

Construction Company Derwent London has made predictions that they will have more than 1 million sq. ft in works over the whole of next year- stretching across the entire city from Paddington to Silicon Roundabout.

The proposed works include 80 Charlotte Street W1, Paddington W2 which is expected to commence the second half of this year, whilst works at the Copyright Building, the White Collar Factory and Berners Street are already underway.

The company are also expecting a high proportion of works after they have secured two long-term projects- these being 20 Farringdon Road and Aldgate Union E1 (pictured). The firm steered away from agreeing to fixed price contracts for these projects, showing the effects of rising construction costs over this past year.

Looking further into the future, 2018 will also see the agreement between Derwent London and Crossrail for the acquisition of a new 150-year lease of 1 Oxford Street W1 for £55m. The firm have already secured planning permission for 204,000 sq ft of offices, 34,000 sq ft theatre and 37,000 sq ft of retail space.

These are very exciting times for Derwent London and it is no wonder that Chief Executive John Burns has referred to the firm as “confident” and facing “voracious demand”.

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