YardNine, the property development and asset management company, and its funding partner Invesco Real Estate, have awarded a £50 million construction contract to McLaren Construction to deliver 50 Eastbourne Terrace. Upon completion in late 2021, 50 Eastbourne Terrace will provide 75,000 sq ft of Grade A office accommodation, 10,000 sq ft of retail space and a terrace of seven mews houses.

Led by operations director Neil Smith, McLaren has appointed its key sub-contractors on steelwork, cladding and mechanical and electrical services. This will follow the work done by J F Hunt, which was appointed in 2019 to undertake the demolition of the existing building on the site.

Located directly opposite London Paddington station, tenants will benefit from multiple roof terraces, as well as close proximity to national and local travel links, the leisure, retail and dining options of Paddington Basin and the West End, and the green space of Hyde Park.

Campbell MacDougall, Partner at YardNine said: “McLaren has demonstrated a proactive attitude in quickly closing out the building contract, managing and liaising with J F Hunt who are currently on-site and progressing matters with the design team and principal sub-contractors. We look forward to working with Neil and his team.”