Pembroke has appointed Wates Construction to undertake a £53 million refurbishment and extension of 129,521sq. ft. office building, 41 Lothbury in the heart of London's square mile.

Taking prime position in London's financial district, close to the Bank of England, 41 Lothbury offers a first-class workplace destination. Originally built to serve as the headquarters for Natwest bank, the Edwardian building features heritage assets including iconic stone columns, an original checkerboard marble floor and a grand central atrium which floods the building with natural light.

The contract sees Wates Construction extend its 18-year relationship with the asset, having completed its original refurbishment in 2004. Now, working alongside Pembroke as contracting partner of choice, it will deliver a place of noteworthy design for Addleshaw Goddard. The global law firm will occupy 114,000 sq. ft. of the building on a 15-year lease when the project completes in early 2024.


The programme of work will transform existing rooftop space on floor seven and introduce an eighth floor with new outdoor terraces offering spectacular City skyline views. The iconic Banking Hall will also receive a fresh injection of high-quality finishes including a new hospitality-style reception, agile breakout spaces and an impressive entrance with statement lighting and artwork by internationally renowned designer, Jason Bruges.

Targeting BREEAM Excellent, Wired Platinum and NABERS, sustainability and building performance fit for the long term have been prioritised. Material re-use and circular economy principles are also central to the programme and an all-electric solution, delivered using air source heat pumps, will also contribute to the building’s green credentials.

Working hand in glove with architect, Stiff + Treviliion and the design team, work is well underway and running to programme.