Wates Construction has been awarded a contract to refurbish the Old Marylebone Town Hall in London.

The London Business School is making the investment following its acquisition of the building from Westminster City Council in 2013. The project is also partly funded by a £25 million donation from industrialist and principal of the Quantum Pacific Group, Idan Ofer.

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The 123,451 sq ft development will expand London Business School's teaching facilities by creating a triangle of educational facilities between Sussex Place, the Taunton Centre and Old Marylebone Town Hall.

As well as restoring the town hall, plans include a new three storey building with six lecture theatres, 35 seminar rooms, a library, offices and faculty spaces along with a student lounge.

Managing Director of Wates Construction London, Phil Shortman, said: "It’s an honour for Wates to be entrusted with the preservation of such an iconic landmark and we are very much looking forward to working with London Business School and Westminster City Council to breathe new life into this exceptional building."

(LM/CD)