Costain consolidates in Can of Ham

Construction and engineering company Costain is consolidating from its offices in London and Maidenhead, Berkshire, into the Can of Ham in London’s Square Mile. The firm will take 17,181 sq ft on the 7th floor of the building at 70 St Mary Axe, EC3, as a new headquarters. The move is expected to complete in the second half of this year. Rents in the building are understood to be around £70 per sq ft. The new office will have capacity for approximately 125 desks, increasing Costain’s existing London capacity by around 400%. The space is being designed to support multiple user experiences, with permanent and hot desks, customer meeting rooms, training areas and informal meeting spaces, with integrated smart technology throughout.  Costain chief executive Alex Vaughan said: “This is an exciting new chapter in Costain’s 159-year history and one that points to a bright future. I am really looking forward to the tremendous opportunities that the new head office will provide to all our people and our customers.  “Over the last few years, working requirements have changed, with increased co-location with our customers and dynamic working. We need an office that makes it easier for our people, customers and partners to connect, collaborate and create, and our new head office will do just that.” As part of the move, Costain will vacate its existing offices at 1 Vanwall Road in Maidenhead and 10 Foster Lane, EC2. The company will maintain a presence in Maidenhead for employees based there and is currently finalising a suitable location. View lettings comparables for St Mary Axe >>