Blackstone has begun the development of Building 7 at Chiswick Park, the final and largest building on the Park in West London.
Blackstone has begun the development of Building 7 at Chiswick Park, the final and largest building on the Park in West London.
The US private equity firm has appointed Lend Lease as contractor and Stanhope as development manager to start the project.
Work on the 12-storey Building 7, which will total 31,000 m2 is scheduled to start in early March, with completion of the £80 mln construction project expected in December 2014. When complete, the building is expected to house over 3,000 office workers.
Building 7 will bring the total amount of built space on the park to 167,225 m2.
Since Blackstone purchased Chiswick Park in March 2011, a total of 37,160 m2 has been let to tenants including Aker Solutions, International Game Technology, Otis Lifts, International SOS, Swarovski, Absolut Spirits and Pepsi. Following these deals, vacancy for the park is less than 1%.
