Mitsui Fudosan has confirmed its commitment to the development of the British Library Extension, London, which includes significant new commercial spaces primarily targeting occupiers in the life sciences sector and extensive public access on land owned by the library north of the existing Grade 1 building.
The investment will be around £1.1billion ($1.4 billion).
Stanhope Plc will be the development manager for the project.
Designed by leading international architects RSHP and engineers Arup, and set to be delivered by 2032, the proposals — granted permission by Camden Council in July 2024 — will create around 100,000 square feet of new library spaces for culture, learning, research and business, including expanded galleries and business support facilities. In addition, significant areas where people can circulate will link the new extension to the existing library including a full-height foyer and new public entrances.
Along with the new library sp
