Fit-out firms chase £60m deal at redeveloped office due to be new City home of US bank

Fit-out contractors are expected to find out soon who has won the job to carry out work at the redeveloped 100 New Bridge Street site in the City.

Mace is close to wrapping up on the £100m retrofit scheme for Helical which is around the corner from City Thameslink station and a stone’s throw away from Blackfriars station.

The scheme is being developed by Helical in joint venture with Orion Capital Managers. Last April the pair said they were selling the scheme to a S&P 500 listed business with the purchaser understood to be US bank State Street.

Building understands the fit-out work is worth around £60m with several firms including Overbury, Structure Tone and Mace bidding the job. Wates is also understood to have priced the deal.

A winner is expected soon with the Boston-headquartered bank due to move from its current base at 20 Churchill Place in Canary Wharf to the City by the end of next year.

Helical said the £333m sale will complete on practical completion of the building, with the 10-storey block having been stripped back to its frame, reclad and had two extra floors added.

Gensler is architect on the current scheme with the original building designed by RHWL and completed in 1992.

Others working on the job include project manager Avison Young, QS Arcadis, structures consultant Waterman and M&E engineer Long and Partners.

The building was previously occupied by law firm Baker McKenzie which moved out in 2023.