A £70m refurbishment scheme at the Broadgate development in the City of London is set to start on site next month.

Co-owner British Land has confirmed the start date for work at 1 Finsbury Avenue.

Sir Robert Mcalpine will carry out the work under its framework agreement for the Broadgate complex.

The revamp of 1 Finsbury Square will add new shops, a cinema and roof terrace to the building.

British Land added that it is in exclusive discussions regarding 78,000 sq ft of improved office space – representing 27% of the total available –  with technology company Mimecast.

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