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Sir Robert wins big

News of three major projects in the capital brings festive cheer to the tune of £400 million

SIR ROBERT McAlpine is guaranteed a bumper Christmas with news that it is about to wrap up three major London contracts together worth almost £400 million.

The company has been negotiating a £100 million job with Land Securities to develop the Park House mixed-use scheme at 453-497 Oxford Street.

The project will mean replacing the existing 1960s off ice block with a development featuring 9,300 sq m of shops, 15,300 sq m of offices and 39 flats.

Elsewhere in the capital, McAlpine looks set to build the first phase of Beetham Group's £700 million Trinity development on the site of the Aldgate bus station.

The client plans to build three glass-fronted office blocks that will resemble a 'cluster of crystals'.

The finished scheme will feature 93,000 sq m of office space as well as restaurants and cafes. It will also create a new entrance to Aldgate Underground station and redevelop the bus station.

McAlpine will be carrying out work on the £200 million first phase office building which will be 12 storeys and is being developed speculatively.

The final job is the £80 million Drapers Gardens project on Throgmorton Avenue for developer Omega Land, which is owned by the Morgan Stanley Real Estate Fund.

The Canary Wharf Group is believed to be leading the race to be development partner.

The existing Drapers Gardens building has divided public opinion since it was built in 1967. The Twentieth Century Society conservation group, funded by English Heritage, failed in an attempt to have it listed.

Now McAlpine is set to replace it with two new 13 and 18 storey buildings, totalling 37,000 sq m.

A source at a rival contractor said: 'The McAlpine lads will be celebrating more than anyone in the next few weeks. Don't forget they got Watermark Place in London recently and that was worth around £150 million.'