Three contractors have been shortlisted for the first phase of Qatari Diar’s £3bn Chelsea Barracks scheme, Construction News has learned.
The shortlisted contractors are Balfour Beatty, Mace and Sir Robert McAlpine.
Work in the first phase will include 74 apartments across three blocks ranging in size from one to six bedrooms, with a cafe built on the corner of the first block.
Planning consent was granted in May 2014 for the Squire and Partners-designed scheme, which is owned by Qatari Diar real estate investment company Project Blue.
There will be six phases in total, which will include further residential units, restaurants and commercial space.
It is understood a successful contractor will be announced in January.
All parties have been contacted for comment.
Meanwhile, Abu Dhabi Financial Group announced it has bought New Scotland Yard, home to London’s Metropolitan Police Service since the 1960s, for £370m.
The investment firm has plans to redevelop the 600,000 sq ft site into a new multi-use development after buying the site from the Mayor’s Office for Policing and Crime.
ADFG chief executive Jassim Alseddiqi said: “The New Scotland Yard site will be one of the most important redevelopment projects undertaken in central London this decade, replacing a world-famous headquarters with a world-class development.
“With the bid process now complete, we look forward to creating an exceptional new landmark for London.”
ADFG said it was the preferred bidder over 10 other competitors.