Tellon Capital has appointed RED Construction Group to deliver the £200m GDV redevelopment of the 130,000 sq ft 40 Broadway office building in the heart of Westminster.
The redevelopment, which will be carried out by RED Construction’s London team, will provide a variety of Grade A office space from the basement to the eighth floor, together with a ground floor café, roof terraces on the majority of floors and a communal roof terrace offering views across St James’s Park, Westminster Abbey and the Houses of Parliament.
Tellon is aiming to secure WELL Platinum and BREEAM Excellent ratings for the redeveloped building, with work due to start on site this summer. Completion is expected by Q4 2025.
James Burchell, founder of Tellon Capital, said: “We are pleased to announce the appointment of RED Construction Group for 40 Broadway, allowing us to commence construction of this landmark new building for Westminster. We are thrilled to be delivering a high-quality office development that sets an example for a high-performing building whilst considering the sensitive local context. This is a really exciting project, breathing new life into Westminster.”
Ian Hopkinson, executive director at RED Construction Group, added: “The redevelopment of 40 Broadway is a prime example of what RED Construction London does best. Nestled in the heart of Westminster, our team is well-versed in appraising the unique construction challenges due to the capital’s heritage and scale. Tellon Capital’s 40 Broadway is yet another first-class well-being-focused office development that we are excited to be a part of.”
