Exclusive: BAM signs £95m deal to redevelop St Pancras industrial estate
Construction firm BAM has been brought on by property firm W.RE to redevelop an old industrial estate near St Pancras’ hospital in Camden, Morning Wire can reveal.
Under the £95m deal, the firm will build offices, retail and two separate residential buildings on the site, as well as a new mini park.
The St Pancras Campus, as the redevelop is known, has been designed by Stirling-Prize winning architects Caruso St John.
Construction will finish in 2024. On completion, it is hoped that the site will be inhabited by science and technology firms. Half of the office building is already under offer to a technology company.
The new building will make use of a number of climate friendly technology, including air source heat pumps, solar panels, and “blue” and “green” roofs.
The development will also create 27 apprenticeships for BAM Construction, a subsidiary of Dutch engineering blue bloods Royal BAM Group.
It also marks BAM Construction’s 150th project in Camden.
Rod Stiles, Director of BAM Construction’s London Region, said: “This scheme extends northwards the transformation of Camden, with which BAM is intimately associated, and has that same regenerative feel.
“I am impressed by the way a strong collaborative approach has already been developed around the project which is a very encouraging sign and an important factor in delivering any signature scheme of this scale and maximising the asset’s value.”
Sascha Lewin, W.RE chief executive said: “This placemaking opportunity to re-imagine a 1980s industrial site has sustainability and social value at the heart of our project.
“We are delighted to be playing our part in innovative ESG with onsite energy generation and the sustainable employment opportunities in the form of our apprenticeship schemes.”