Development Securities and Aberdeen Property Trust’s landmark 12 Hammersmith Grove reached its full height this week as a ‘topping out’ ceremony was held to mark progress at the West London office building, reports Wates.
The milestone, which has seen 12 Hammersmith Grove reach an elevation of 11 storeys, comes in the wake of data published by CBRE, which has predicted that London will need an additional 5.1m sq ft. of office space by 2019.
Wates began building work at the scheme in July last year following the completion of the neighbouring 10 Hammersmith Grove in 2013. Number 10 subsequently went on to receive the British Council for Offices (BCO) Commercial Workplace award in May this year.
Designed by Flanagan Lawrence, the new 167,000 sq ft. 12 Hammersmith Grove includes speculative Grade A office provision, retail space and additional public realm works. The development is located adjacent to Hammersmith tube station and opposite Lyric Square in the centre of Hammersmith.
The project is scheduled to reach completion early 2016 and is expected to achieve a BREEAM Excellent rating. Green employee travel will be encouraged through the installation of electric car charge points and 257 cycle racks.
Simon Hesketh, Project Director, Development Securities said: “10 Hammersmith Grove set a new benchmark for Hammersmith in terms of the quality of space that it offered. We are delighted with the end product and the building is fully let to four international companies who have added to Hammersmith’s impressive roster of blue chip, multinational brands. We look forward to continuing this success with 12 Hammersmith Grove and adding further to Hammersmith’s vibrant business community.”
Gerry Ferguson, Fund Manager of the Aberdeen Property Trust, commented: “The very successful outcome of 10 Hammersmith Grove gave us the confidence to fund number 12. As long-term property investors it is important for the fund to hold high quality buildings in core locations, which will meet occupiers’ specifications over time. This new building meets these criteria and so we anticipate strong performance from this asset.”
Source: Wates www.wates.co.uk