Developer LS Estates has appointed contractor Red Group to finish the £50m redevelopment of 5 Chancery Lane in central London after the previous contractor Ardmore entered administration in June.
Built in 1910, the refurbished 5 Chancery Lane will offer 105,000 sq ft of modern office space between Holborn and Fleet Street.
Working as construction manager alongside project manager and quantity surveyor Gardiner & Theobald, Red Group will continue the sustainable overhaul, retaining the building’s facade and 86% of its existing structure to save 4,800 tonnes of carbon dioxide and minimise construction waste.
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