Pembroke appoints Wates for Grade II office refurbishment in the heart of the city
We return to 41 Lothbury to bring iconic office in line with modern city working
Pembroke to undertake a £53m refurbishment
We were appointed by international real estate company, Pembroke to undertake a £53m refurbishment and extension of 129,521sq. ft. office building, 41 Lothbury in the heart of London’s square mile.
41 Lothbury offers a first-class workplace destination
Taking prime position in London’s financial district, close to the Bank of England, 41 Lothbury offers a first-class workplace destination.
Originally built to serve as the headquarters for Natwest bank, the Edwardian building features heritage assets including iconic stone columns, an original checkerboard marble floor and a grand central atrium which floods the building with natural light.
The contract sees us extend its 18-year relationship with the asset, having completed its original refurbishment in 2004. Now, working alongside Pembroke as contracting partner of choice, it will deliver a place of noteworthy design for Addleshaw Goddard. The global law firm will occupy 114,000 sq. ft. of the building on a 15-year lease when the project completes in early 2024.
The programme of work will transform existing rooftop space on floor seven and introduce an eighth floor with new outdoor terraces offering spectacular City skyline views. The iconic Banking Hall will also receive a fresh injection of high-quality finishes including a new hospitality-style reception, agile breakout spaces and an impressive entrance with statement lighting and artwork by internationally renowned designer, Jason Bruges.
Targeting BREEAM Excellent, Wired Platinum and NABERS, sustainability and building performance fit for the long term have been prioritised. Material re-use and circular economy principles are also central to the programme and an all-electric solution, delivered using air source heat pumps, will also contribute to the building’s green credentials.
Working hand in glove with architect, Stiff + Treviliion and the design team, work is well underway and running to programme.
It is an honour to be selected as Pembroke’s trusted partner of choice and return to 41 Lothbury to cement this historic building’s future for the next generation of city workers.
Pembroke’s forward-thinking approach to partnering is exceptional. We have developed a strong, collaborative relationship, rooted in shared values and a mutual passion to create a destination office space at this iconic location. I look forward to seeing this partnership continue to grow.”
Regional Managing Director, Wates Construction London
We are proud that Addleshaw Goddard has selected 41 Lothbury as its new London headquarters. We are especially pleased that they have entrusted us and Wates to deliver a high-quality workspace which is fit for their needs and offers facilities and services that encourage productivity and employee engagement.
We look forward to working closely with Addleshaw Goddard and Wates to deliver this fantastic transformation of such an iconic City of London building. This project builds on the success of 25 Cannon Street and demonstrates how we are helping to optimise collaboration and innovation to embrace the future of work across the City of London.”
Vice President of European Development and Head of UK at Pembroke
We are currently delivering several other complex schemes across the capital including Landsec’s iconic Lucent scheme behind the Piccadilly Lights, Plot A1 at Canada Water for British Land and a mixed used scheme at 196 – 222 King’s Road, Chelsea for Cadogan Estates.