The construction cost of Derwent’s 80 Charlotte Street redevelopment project in London’s West End has jumped by £29m to £236m.
The building is the home of advertising agency Saatchi & Saatchi.
Derwent said it had revised the planning permission “to allow for greater demolition of the existing buildings on the island site”.
The developer added: “The improved scheme allows for three-metre floor-to-ceiling heights on the whole space, more efficient floor plates and significantly de-risks the construction process. We estimate that the future capital expenditure on the scheme will increase by £29m to £236m.”
Register for free or sign in to continue reading
This is not a paywall. Registration allows us to enhance your experience across Construction Management and ensure we deliver you quality editorial content.
Registering also means you can manage your own CPDs, comments, newsletter sign-ups and privacy settings.
