Ardmore Construction secured a £100 million build contract to deliver the first phase of the scheme on behalf of R&F Properties.
The masterplan for the 5.5 acre site includes the redevelopment of the Nestle Tower, St George's Walk, the Grade II listed Segas House and various other buildings, mostly from the 1960s, made up of shops on the ground floor and offices above.
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The first phase of the scheme will see the conversion and extension of two existing office buildings, including the iconic 25-storey Nestle Tower, into a series of residential blocks of up to 28-storeys, providing 288 new homes.
Ardmore has commenced work on the project as it carries out extensive enabling works under a pre-construction services agreement. The contractor has also developed a complex plan to deliver the new homes whilst maintaining the existing public access beneath the building to the neighbouring St George's Walk shopping arcade.
Michael Purefoy, R&F's Sales and Marketing Director, said: "After almost two years of hard work bringing this fantastic project to its current status, we are delighted that we are now at a stage where Queen's Square as a development can really start to take shape.
"After many years in which there has been little movement on this site, it is exciting to start construction works so soon after demolition works were completed."
(CM/MH)
