Chinese-owned CR Construction bags £38m London city fitout

The UK arm of Hong Kong-listed contractor CR Construction has won a major overall of the former Société Générale bank at 41 Tower Hill in the city of London.The 230,000 sq ft building was originally designed in the 1980’s by architect Richard Seifert and stands by the Tower Gateway DLR station overlooking the Tower of London.China-based asset manager SRE Group, which bought the building in 2016 is proposing to upgrade the tired and energy inefficient building to Grade A offices.CR Construction will carry out a complete building overhaul over a 14-month contract worth £38m.This will involve moving rooftop plant to the basement and extending the depth of a central atrium through the building.It is the contractor’s second London contract after converting a former historic movie theatre in Shepherds Bush into 74 flats and an hotel for developer Far East Consortium.In Manchester, the contractor also delivered 240 flats at Meadowside in a project worth £54m for FEC.