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Mace wins preconstruction contract for £500m One Crown Place

Mace has bagged a preconstruction contract for the £500m redevelopment of One Crown Place in London.

The contractor has been chosen by client AlloyMtd Group and will design and procure the subcontractor packages for the job, the first of a two-stage construction process.

A major project contract is expected to be signed next summer.

It is the first project by the Malaysian client, which has backed major infrastructure projects in Malaysia and Saudia Arabia.

The mixed-use project, bordered by Sun Street and Wilson Street near Liverpool Street station, will include 246 apartments and 140,000 sq ft of commercial space. The existing building on Wilson Street will also be refurbished as part of the scheme.

Site preparation works are already under way, with piling beginning in March next year. Completion is due in summer 2020.

Plans for the project, which was designed by architects Kohn Pedersen Fox, were given the green light in July last year.

AlloyMtd group president and CEO Tan Sri Dr Azmil Khalid said: “Mace’s wealth of experience will ensure that the construction of this development can move forward rapidly and efficiently, despite the logistical challenges of the site.

“This is the first project of its type that AlloyMtd has developed in central London and we very much look forward to working together with Mace and CBRE to deliver this new London landmark.”

In the past 18 months, Mace has won a number of high-profile residential schemes in London, including the first phase of Qatari Diar’s £3bn Chelsea Barracks.

However, the contractor said it would scale back its residential development in favour of commercial and aviation.

Chief operating officer Gareth Lewis said he was going to “shrink the residential component” of the construction business to focus on “proper clients with projects that are going to go”.

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