Deal due to be one of biggest City deals let this year
The race for one of the biggest deals being let in the City this year has narrowed to three firms, Building can reveal.
JP Morgan’s asset management business is leading the redevelopment of One Spitalfields with Bovis, Mace and Multiplex all left in the race.
Sir Robert McAlpine, which built the original Bishops Square scheme in 2005, is now out of the running.
A winner is due to be appointed next month with JP Morgan billing the scheme as a refurbishment with some new build.
Plans by architect Foster & Partners, which drew up the 2005 scheme, will retain and extend the current office building to provide 870,000sq ft of office and retail space, along with 70,000sq ft of new terracing.
The scheme was given planning last year by Tower Hamlets council and JP Morgan is understood to want to get started once current tenant Allen & Overy has moved out.
The law firm, now called A&O Shearman, is due to leave the building, currently known as 1-10 Bishops Square, at the end of this year and into new offices at 1 Broadgate, the British Land scheme built by McAlpine and designed by AHMM.
Others working on the job, which is due to complete in 2029, include cost consultant T&T Alinea, project manager G&T, structural engineer AKT II and engineer Arup.
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