12/01/2015

Taylor Wimpey Central London appoints Bouygues UK to deliver £55m Paddington Exchange contract

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A central London development that will provide 150 new homes in the London Borough of Westminster has moved a step closer after Taylor Wimpey Central London appointed Bouygues UK to deliver the project.

Work on Paddington Exchange, which is due to start in January, will see the transformation of a former car park into a new mixed-use, which will provide a combination of 1, 2 and 3-bedroom affordable and private homes in the capital.  The site will consist of four residential blocks varying in height: with the lowest at eight storeys and the largest standing at 14 storeys high.

Four new commercial units will also be included as part of the development, which is expected to take around two years to deliver and will be handed over in three phases.

Ingrid Skinner, Managing Director of Taylor Wimpey Central London, comments: “This marks an exciting step forward for our Paddington Exchange development. It is one of the largest and most innovative projects in our portfolio and we are very much looking forward to getting construction underway. The appointment of Bouygues UK reflects our commitment to forging industry-leading partnerships to create genuinely high quality and sustainable new communities across Central London.”

Bouygues UK and Bouygues Development are currently delivering a range of housing and construction projects across the capital. Paddington Exchange is within walking distance of another recently-announced Bouygues UK project; The Hempel Collection in Bayswater. The joint venture between Amazon Property and British Land will see the Lancaster Gate retreat, famous for its celebrity clientele refurbished and turned into 18 new luxury apartments.

A Bouygues UK spokesperson, said: “This latest contract underlines our credentials and solid reputation for working with leading property developers in London. From our work in Bayswater on The Hempel Collection, to Pontoon Dock and Hallsville Quarter in Newham; from Queens Park Place in Brent to the Ice House Quarter in Barking and Dagenham, we’re working with local authorities and developers to deliver much-needed housing and regeneration for people right across the capital.”

Paddington Exchange is situated in close proximity to major rail and road links, as well as being only a short train ride away from the UK’s major airport at Heathrow.

Image © Taylor Wimpey Central London