Funds managed by Oaktree Capital Management, supported by LS Estates, have appointed Morgan Sindall Construction to be the lead contractor for the new life science development at 17 Columbus Courtyard (17CC) at Canary Wharf.
Morgan Sindall begins work this month to oversee the speculative transformation of an existing office building into a new labs and offices targeted at companies in the life sciences and technology sector.
Contract value has been reported as £65m.
ISG had originally been attached to the project before it fell into administration last September, although a spokesperson for LS Estates said that no construction contract had ever been signed with ISG.
Completion of the building is planned for summer 2026.
Designed by architect Scott Brownrigg, the facility will provide 190,000 sq ft of flexible laboratory and office space spanning nine upper floors, while the ground floor will house a communal amenity area with café, co-working space, meeting rooms and conference facilities.
LS Estates managing director Rowan Jenkins said: “Morgan Sindall’s appointment as lead contractor for 17CC marks a sign