Renzo Piano is tipped to design an extension to Selfridge’s department store in central London.

The Shard architect beat off competition from OMA and Herzog & de Meuron to win the project, which replaces an earlier scheme by Foster & Partners.

BD’s sister title Building reports the design will include a hotel, retail and office space.

It is expected the scheme will cost less than Foster’s ￡300 million proposal, which was shelved in 2004 when new Selfridges owner, Canadian billionaire Galen Weston, withdrew the planning application.