St James Market Phase 2 main works will be delivered under a Pre-Construction Services Agreement (PCSA) and then under an amended JCT Design and Build 2024 contract: • a new c.312,500 sq. ft (NIA) CAT A office building (Basement Level 2 to Level 7), built around the retained Grade II listed Carlton Cinema • the shell and core refurbishment of the Cinema • retail shell and core accommodation • landscaping and public realm works • new UKPN substations • a watching brief over, and the novation of, the separate Demolition Contract. Total value of the works is £322m excluding VAT (£386.4m including VAT), made up of: • St James Market Phase 2 main works, including the PCSA c.£222m excluding VAT (£266.4m including VAT) • 130 Jermyn Street option: c.£100m excluding VAT (£120m including VAT)

Renewal: Addition of 130 Jermyn Street (130JS) could extend the programme due to the significant refurbishment of the building and the installation of shared mechanical and electrical plant

Procurement Act 2023

Competitive flexible procedure

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