The firm will work with London-based development company Northacre and Palace Revive Development on the part renovation and new-build scheme at No. 1 Palace Street in St James’ Park.

Its pre-construction services deal includes programming and procurement in the lead up to full construction contract award, expected in early 2016.

The full scheme will involve refurbishment of the existing six-storey listed building, construction behind retained facades and a complex four-storey basement build.

Once complete, the development will house 72 of the Capital’s most expensive apartments, many with unique views over the gardens of Buckingham Palace.

Residents will also enjoy a large basement gym, swimming pool and wellness centre within the building.

The site will encompass five architectural styles, ranging from French Renaissance to contemporary, with a Grade II listed retained façade.

Dean Banks, Balfour Beatty Managing Director of the UK Construction business, said: “I am very pleased that our technical solution to the construction of this complex build has been embraced by Palace Revive Development Ltd and Northacre.

“Our proven ability to succeed in constrained construction environments in busy city centres means we are well suited to this prestigious project and we look forward to securing the full contract award early next year.”