The refurbishment project will be delivered in three phases. Credit: Mace Group.

UK-based investment companies Capital 38 and Morgan Capital have awarded a contract to Mace Interiors to renovate 21 Bloomsbury Street in West London, England, UK.

The refurbishment project, which carries a value of £40m, will be delivered in three phases.

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The 21 Bloomsbury Street development is an 85,000ft² office in London’s Bloomsbury conservation district, about a two-minute walk from Tottenham Court Road Station.

The scope of this project will cover significant rehabilitation of the existing building, which includes new mechanical, engineering, and plumbing services, new reception, new vertical transportation, core, and atrium works, and upper floor and rear expansion.

The property will feature a sixth-floor office and a seventh-floor amenity pavilion with a 4,500ft² open roof terrace, as well as a café/lounge, a wellness studio, and cycling areas.

Morgan Capital development manager James Meaden said: “Our vision for Bloomsbury Street has been to create a cutting-edge workspace that combines sustainability, innovation and functionality whilst maintaining the historic character of the building.”

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The project aims to achieve Building Research Establishment Environmental Assessment Method Outstanding, NABERS 5 star, WELL Platinum, and net zero in its operation to improve 21 Bloomsbury’s sustainable credentials.

The development, which should retain 95% of the original structure, intends to establish a new standard for how old structures can be sustainably redesigned.

Construction works are set to be completed in early 2025.

Mace Interiors operations director Nick Hoffman said: “We’re delighted to be appointed to bring 21 Bloomsbury up to modern building standards, so that it can compete with London’s best new offices and satisfy the increasing demand for high-quality sustainable office space in the UK capital.

“We share our client’s commitment to delivering sustainably and ensuring that we leave a lasting positive impact on the local community and the planet.”