Kier has been secured a £48 million contract to add 18,000 m2 of office space and two multi-storey car parks on the ARM campus at Peterhouse Technology Park in Fulbourn.

The scheme will be ready for occupation next autumn and will allow ARM to increase its Cambridge headcount to 3,000 and double its headcount in the UK during the next five years.

Softbank will fully support the expansion, whose takeover offer ARM has recommended shareholders to accept.

A steel frame and curtain walling with bespoke vertical aluminium Brise Soleil solar shading will be used to construct the new office building, which will form a six metre tall high saw tooth pattern.

Mark Dady, Kier Construction Eastern Managing Director, commented: “We’re pleased to have been awarded the contract to develop ARM’s global headquarters. We have a strong track record in delivering office space across the UK and are looking forward to providing a facility that will help ARM to continue expanding.”

Dady added that the development will boost the local economy and employment opportunities.

Mike Muller, chief technology officer and co-founder of ARM, said: “We are making a significant investment at our headquarters in Cambridge to help us deliver the next phase of company growth and Kier is a valuable partner in delivering our new centrepiece building.”

At present, Kier is also constructing a £79 million laboratory for the University of Cambridge on the Cambridge Biomedical Campus.

Earlier in the month, Kier secured three major construction frameworks worth £5 billion between them.

The latest in the framework haul is a place on the two-year £500m University of Cambridge Framework to provide a range of facilities including laboratories, teaching and lecture spaces and sport facilities.

Balfour Beatty, Bam Construct, Bouygues and Laing O’Rourke have also won places on the panel for projects worth more than £30m.