Gamuda Berhad and Castleforge have signed a main construction contract valued at more than £250m with Multiplex for the redevelopment of 75 London Wall in the City of London.
The redevelopment, which will preserve and enhance the building’s core infrastructure while expanding capacity by more than 50%, is expected to achieve practical completion in Q1 2028.
Over the past year, under a pre-construction services agreement, Gamuda and Castleforge have led the project’s planning and design and the formal contract signing follows the completion of enabling works.
On completion, 75 London Wall will provide more than 450,000 sq ft of Grade A office space and has been designed by Orms to achieve sustainability certifications including BREEAM Outstanding, WELL Core Platinum and NABERS UK 5* Design for Performance.
Niall Farmer, head of Gamuda Land UK, said: “This contract marks a significant milestone in Gamuda Land’s continued expansion in the United Kingdom and in our strategy to unlock long term value from prime City of London assets. 75 London Wall represents a rare opportunity to reposition an existing building of scale into more than 450,000 sq ft of future-ready, Grade A workspace, at a time when supply of top tier, highly sustainable offices in the City remains structurally constrained.
“Through hands-on oversight from planning approval through to contractor procurement and value engineering, Gamuda has shaped a redevelopment that is efficient, commercially resilient and sustainability-led. As global corporates increasingly seek high quality, low carbon office space in prime City of London locations – amid a well-documented shortage of top tier supply – this project is well positioned to meet that demand and deliver enduring value for occupiers and the City. We look forward to working with Multiplex to bring this vision to life.”
Michael Kovacs, founding partner of Castleforge, added: “At a time when London is experiencing its lowest level of office construction starts in almost two decades, delivering 75 London Wall to practical completion in Q1 2028 will provide the market with much-needed, best-in-class workspace at precisely the moment when supply constraints are most acute. Office real estate is a cyclical sector – you have to be building when no one else is willing or able.”
Callum Tuckett, managing director of Multiplex Global, said: “Delivering a project of this scale and complexity in the heart of the City requires not just construction expertise, but the ability to innovate under constrained site conditions whilst maintaining the highest sustainability standards. 75 London Wall represents the future of sustainable commercial development, and we look forward to bringing our global expertise in complex urban construction to create a building that sets a new standard for the City. Our work with the project team over the past year has positioned us perfectly to hit the ground running and deliver this scheme to the highest standards.”
