The Great Ropemaker Partnership ("GRP"), a 50:50 joint venture between Great Portland Estates plc ("GPE") and Ropemaker Properties, the property nominee of the BP Pension Fund, announces the letting of 31,140 sq. ft. at its striking new development at 240 Blackfriars Road, SE1.
Minimising costs and risk with BIM
At 240 Blackfriars Road, we used Business Information Modelling (BIM) to minimise co-ordination issues in relation to the structural, services and architectural elements of both a complex design and intricate steel roof. Rehearsing the construction stages in a 4D timely also improved programme efficiency and reduced wastage on site. By using BIM, we saved approximately £2 in the contract sum for every £1 invested in the process and, by providing our models to our tenants, we were also able to provide them with efficiencies in their own fit out.
Achieving the right design
Obtaining the best possible planning consent is a highly collaborative creative and time consuming process. Following careful site assembly of three separate pieces of land, we worked with Allford Hall Monaghan Morris, one of London’s leading architects, and used our strong and positive relationships with Southwark Council and the GLA to deliver a 236,000 sq. ft. architecturally striking building, the design of which was evolved from inception in 2005 to meet changing market requirements and achieving a 2011 BREAM Excellent rating.
Despite a point in the cycle of general low tenant demand, in January 2012, we were able to start the development with 43% of the building already pre-let to UBM ‘off-plan’ as a result our strong design, ability to start the building immediately and proactive team approach to tailoring the building to meet UBM’s needs. With further interest as the building progressed, the building was 73% let within 6 weeks of completion.
Sara Maccallum Senior Partner, Boodle Hatfield
240 Blackfriars offers a light and modern working environment at the heart of a vibrant business and cultural district. We believe the building has helped us to improve further the service that we provide to our clients and to continue to attract the highest quality talent in our field, providing us with a fantastic base from which to continue the growth and development of Boodle Hatfield.
Mark Reynolds Chief Executive, Mace
The use of innovative design tools and construction techniques, including Building Information Modelling, facilitated the delivery of a highly efficient and sustainable development.
In the heart of Bankside
Rich with history and culture, Southbank is increasingly becoming one of London’s most exciting destinations. Home to renowned cultural institutions such as The Globe, The National, Royal Festival Hall and the Tate Modern, the Southbank is now a creative and vibrant focus for business, with a growing number of global companies taking up residence.