Mitsui Fudosan takes control of £1.1bn British Library extension with construction to start next year

By Tom Lowe2025-03-19T11:25:00

Stanhope retained as development manager as part of restructure on RSHP-designed scheme

Japanese developer Mitsui Fudosan has taken control of the delayed £1.1bn extension to the British Library and promised the project will start construction next year.

The Tokyo-based real estate firm has taken full ownership of SMBL, the scheme’s development partner which had previously been a JV between itself and Stanhope, and retained Stanhope as development manager.

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