Mitsui Fudosan Starting British Library Redevelopment Project
London, Sept. 21 (Jiji Press)--Mitsui Fudosan Co. on Monday held a groundbreaking ceremony for a redevelopment project at the British Library in central London. The total project cost will reach about 1.1 billion pounds, marking the largest investment in Europe for the major Japanese real estate developer. The library, which has one of the largest collections of books in the world, is lo...
Mitsui Fudosan Co. inaugurated a groundbreaking ceremony for a redevelopment project at the British Library in central London on Monday. The project, with an estimated cost of £1.1 billion, is the largest investment in Europe for the prominent Japanese real estate developer. The British Library, known for its extensive collection of books, is situated in a well-connected area and the government aims to establish a new hub for pharmaceutical companies and other medical firms there.
The redevelopment will see the construction of an 11-story building above ground and one below, within the library's premises. The new complex is scheduled for completion in 2032 and will feature spaces for library events and rental laboratories. The area is favored due to its proximity to King's Cross Station, a major transportation hub, as well as Eurostar international high-speed train station that connects Britain and mainland Europe.
Additionally, the location offers easy access to Cambridge and Oxford, home to renowned universities.
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