Three preparing to send in bids for £150m office job on London’s Victoria Street

Three firms are set to submit bids for the next major building scheme to get out of the ground on London’s Victoria Street.

Proposals to redevelop two buildings known as 10-20 Victoria Street have been drawn up by Piercy & Co for Meadow Partners, a real estate investment manager based in London and New York which was set up in 2009.

Plans for the office job were sent in to Westminster council towards the end of last year and cover 10-18 Victoria Street and a second building at 20 Victoria Street.

Building understands Bovis, Mace and Bam will all return bids for the job, worth upwards of £150m, next month ahead of a winner being appointed later this year.

The building at 10-18 Victoria Street was rebuilt in 1956 after suffering extensive war damage while 20 Victoria Street was rebuilt in 1974.

Both buildings were designed by Sir John Burnet Tait & Partners, with the former serving as the headquarters for US firm Monsanto Chemicals which was bought by German firm Bayer eight years ago.

But Meadow said the pair are not up to scratch and added: “10-20 Victoria Street are tired buildings that are sorely in need of redevelopment. The buildings are inefficient and inappropriate for current and future office needs.”

Its proposal involves knocking down the existing buildings, retaining the basement and building a stepped 13-storey block on top which will nearly double existing office space to just over 24,000sq m while adding 750sq m of restaurant and retail space.

Others working on the scheme include development manager Oxygen, cost consultant Quantem, structures specialist Heyne Tillett Steel, M&E consultant Hoare Lea and planning consultant Montague Evans. Opera is project manager.

Several schemes in the area are currently coming out of the ground with Mace on site opposite the planned 10-20 development with the 1 Victoria Street office scheme for Mitsubishi Estate and Stanhope.

And Skanska is close to completing a mixed-use scheme to replace a former House of Fraser store at 105 Victoria Street for Bentall Green Oak, at the other end of the road.