Laing O’Rourke named as preferred contractor for the regeneration of Brent Cross Shopping Centre
Hammerson and Standard Life Investments, joint owners of Brent Cross Shopping Centre, announce that multinational engineering and construction company, Laing O’Rourke, has been chosen as the preferred contractor for the retail extension of Brent Cross London following a competitive tender process.
Laing O’Rourke has been appointed under a pre-construction services agreement as part of a two stage tender process for the main construction works with an overall value in the region of £700m.
Laing O’Rourke will work with Hammerson and Standard Life Investments to finalise the design and procurement in order to enable a start on site in 2018. Laing O’Rourke has a significant track record of delivering major construction projects. This includes relevant experience in retail and leisure regeneration schemes such as Trinity Leeds, Westgate Oxford and Edinburgh St James Quarter, amongst others. The appointment of a contractor for the infrastructure works will be made in 2018.
The regeneration of Brent Cross London will double the size of the existing centre to 2 million sq ft of retail and leisure space. This will include up to 150 new retail stores and 50 new restaurants, state of the art leisure and cinema offer, hotel accommodation and improved public spaces including a new town square. The plans also include a relocated and enlarged bus station as well as improved transport and highways infrastructure.
The scheme is designed by award-winning architects, Callison RTKL and Chapman Taylor.
The regeneration will provide new employment and training prospects for local people including construction opportunities. With a construction workforce that will peak at around 1,200 people, the delivery partners have agreed a work experience, apprenticeships and graduate development intake that will make Brent Cross an industry training ground, while also incorporating targets for local labour and supplier engagement.
James Stevens, Head of UK Developments, Standard Life Investments said; “This is a really important step for the project. We’re delighted to welcome Laing O’Rourke to the team. They share our vision for delivering a scheme of the highest possible quality at Brent Cross London.”
Robin Dobson, Director of Retail Development at Hammerson commented; “Laing O’Rourke has a successful track record in delivering major retail and leisure projects. This appointment is an important milestone in the transformation of Brent Cross London and our plans to deliver a world-class retail and leisure destination.”
Liam Cummins, Head of UK Building for Laing O’Rourke, said; “Laing O’Rourke has the ability to drive certainty into the delivery programme through in-house technical expertise and procurement capacity, our integrated supply chain and advanced digital engineering and offsite manufacturing. The project is in total alignment with our 2025 mission to be the recognised leader of innovation and excellence in the construction industry.
“We will collaboratively define - then deliver - success for our clients, partners and the wider community on Brent Cross, undoubtedly one of London’s most exciting and anticipated retail regenerations.”
Press enquiries regarding Hammerson: Lindsay Dunford, Head of Corporate Communications E: firstname.lastname@example.org Tel: 020 7887 1115 www.hammerson.com
Press enquiries regarding Standard Life Investments: Justin St Clair-Charles, firstlight PR E: email@example.com Tel: 020 3617 7240
Press enquiries regarding Laing O’Rourke: Matthew Moth, Madano Partnership E: firstname.lastname@example.org Tel: 020 7593 4000
Notes to Editors
Hammerson: Hammerson is a FTSE 100 owner, manager and developer of retail destinations in Europe. Our portfolio of high-quality retail property has a value of around £10.5 billion and includes 23 prime shopping centres, 17 convenient retail parks and investments in 20 premium outlet villages, through our partnership with Value Retail and the VIA Outlets joint venture. Key investments include Bullring, Birmingham; Bicester Village, Oxfordshire; Dundrum Town Centre, Dublin; and Les Terrasses du Port, Marseille.
Standard Life Investments:
Aberdeen Standard Investments is a leading global asset manager dedicated to creating long-term value for our clients, and is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments.
With over 1,000 investment professionals we manage £583 billion* of assets worldwide. We have clients in 80 countries supported by 50 relationship offices. This ensures we are close to our clients and the markets in which they invest.
*Standard Life AUM/AUA data as at 30 June 2017. Aberdeen Asset Management AUM data as at 31 March 2017. All other data as at 30 June 2017.
With a heritage spanning more than 160 years, Laing O’Rourke is one of the world’s largest privately owned engineering and construction companies. We operate an integrated business model comprising the full range of engineering, construction and asset management services delivering technical solutions for some of the world's most prestigious public and private organisations.
Through its operations around the world, across building and infrastructure sectors, Laing O’Rourke’s 2025 mission will see the business secure its position as the recognised leader for innovation and excellence in the construction industry.