Lendlease has formally signed a £103 million contract to build a landmark office scheme at 245 Hammersmith Road in West London.

Including basements, the new building will be 12 storeys tall and will replace Bechtel House, which was formerly the UK headquarters of the US construction giant.

Architect Sheppard Robson has designed the 250,000 sq ft scheme for joint developers Mitsubishi Estate London and Legal & General, with a gross development value of £275 million.

The projects has already secured planning permission from Hammersmith & Fulham Council with the demolition of the existing Bechtel House already underway, with construction set to be complete by the first quarter of 2019.

The contract was valued at £75 million when Lendlease first lined the job up back in January last year.

Managing Director of Lendlease’s Construction Business, Neil Martin, commented: “We are really pleased to be working again with Legal & General and Mitsubishi Estate London – both are longstanding clients of ours and the strong relationships between our companies add great value to the development.

“Lendlease excels at just this kind of high-end scheme, with a high-specification design, mixed-use element, and a tight urban footprint.”

Last month, Lendlease also won a £200 million contract to construct the luxury AYKON London One tower at Nine Elms.

Developer DAMAC International is behind the 50 storey scheme which was designed in partnership with fashion house Versace Home.

The scheme’s total development value is around £645 million, with Lendlease’s contract worth £200 million.

AYKON London One will also offer an allocation of affordable housing, together with office, retail and amenity accommodation across two-interlinking towers.

The four storey office block is situated above the affordable residential floors at the top of the south block.

This forms a habitable sky bridge between the south building and north tower, which is topped by an extensive roof garden at level 24.