SWIPPT commits £50m to Hammersmith office scheme

Scottish Widows Investment Partnership Property Trust provides forward funding to DevSec’s West London development

Article posted: 28 Oct 2011

Property development company Development Securities this week announced that Scottish Widows Investment Partnership Property Trust (SWIPPT) will commit £50 million to the forward funding of the first phase of its speculative development of office space in West London at its Hammersmith Grove scheme in the heart of the town centre.

The site, previously owned by Transport for London (TfL), is located adjacent to the Hammersmith & City line station and immediately to the north of the Broadway, the 1.5 acre site is currently used as a surface car park and will be transformed into two prime office buildings designed by BFLS totalling 275,000 sq ft of modern space. The creation of high quality office space in the heart of Hammersmith will be further enhanced by the provision of new restaurants and cafes as well as significant public open space.

It is envisaged that construction of phase one, the building located to the south of the site facing onto Lyric Square, will commence on site towards the end of this year with completion targeted for early 2013. The building comprises 110,000 sq ft net offices, and 6,000 sq ft of restaurants and cafes.

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Posted by Julie