The Crown Estate and Oxford Properties has picked Balfour Beatty to deliver the key part of the St James’s Market redevelopment in central London.

Under an £87m contract Balfour will redevelop two existing 8-storey buildings within the wider £450m scheme to create offices, retail and restaurant space behind preserved historic facades.

The St James’s Market proposals also include three associated private residential and affordable housing schemes, which are not included in the Balfour deal.

Proposals for the four site redevelopment scheme were developed by Make Architects, Tate Hindle, Paul Davis & Partners and Burwell Deakins.

The first block, situated along Regent Street, includes a retained heritage façade which will be repaired and restored as part of the contract.

The second block, adjacent to Haymarket, involves a curved glass and Portland Stone wall that will be installed in four by three metre sections using a tower crane.

Balfour Beatty chief executive, Andrew McNaughton said: ”We are delighted to be working in partnership with The Crown Estate and Oxford Properties to deliver this landmark scheme.

“Working within the Capital invariably presents its challenges but the investment we have made in digital technology and modular construction will come to the fore on this project and we look forward to demonstrating our expertise.”

Works start on site this autumn and are due for completion in summer 2015.

Balfour Beatty central London jobs

  • £30m design and installation of M&E services as part of the refurbishment and extension of Sea Containers House on the Southbank SE1
  • £16m design and build mixed-use development at1&2 Stephen Street near Tottenham Court Road W1
  • £17m construction and fit-out of Bishops Court in the Spitalfields regeneration area
  • £60m design and build scheme at 60 Holborn EC1N to deliver a new 13-storey office building
  • £26m design and build of the 10-storey 67 Lombard Street development in the City of London