Bovis confirmed for £200m London Stock Exchange makeover

Bovis has been confirmed as the winner of a £200m deal to refurbish and extend the headquarters of the London Stock Exchange at Paternoster Square.

Last month Building revealed Bovis was the frontrunner for the job, having edged ahead of Wates and Structure Tone for the deal.

This morning the firm said it had been appointed by Oxford Properties and Hines under a Pre‑Construction Services Agreement for the work which involves refurbishment, extension and full tenant fit out of 10 Paternoster Square.

Bovis, when it was known as Bovis Lend Lease, built the existing scheme called King Edward Court, a seven-storey building designed by Eric Parry which was completed in 2003.

Plans for the updated scheme was given the green light by the City last month and the revamp, drawn up by four-year-old London practice Carter Gregson Gray, will include a new double-height glazed lobby designed to exhibit the market’s daily opening and closing ceremonies to spectators on Paternoster Square.

It will also see the addition of several roof level extensions including a new double-height events pavilion, a single-storey roof terrace pavilion and a single-storey extension to the corner of the building.

Substantial outdoor space would be added to the site including a new roof terrace providing some of the City’s closest views of the dome of St Paul’s Cathedral, along with a series of balconies at levels three, four and five facing Paternoster Square.

Bovis chief executive Dave Cadiot said: “Having successfully completed the original building in 2003, it’s a real privilege to return and transform it into what will not only become best‑in‑class accommodation but also a new tourist destination for the City.”

The project is expected to be completed by the end of 2028.

London Stock Exchange Group is understood to be planning to move into the neighbouring Allies & Morrison-designed St Martin’s Court for two years while the refurbishment is carried out.

Oxford Properties’ team for the wider refurbishment includes G&T on costs, WSP on structures, Newmark on planning, M3 Consulting as project manager, Turley on ESG, Velocity on transport, Arup on facades and Studio GB on landscape. Watkins Payne is M&E and sustainability consultant.