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Mace wins new big deal as Land Secs pushes on with office jobs

Mace has won another major central London contracting job, as Land Securities presses ahead with three new office jobs in the capital.

Mace is thought to have won the contract to build Park House on Oxford Street, worth £120 million, with its rival for the job Sir Robert McAlpine walking off with a separate project, Selborne House in Victoria. The Selborne House job is worth £100 million.

A third Land Securities contract, for Wellington House, is understood to have gone to Wates. It is worth £18 million and is also in Victoria.

The win for Mace represents another major move into bigger contracting deals. The £426 million Shard job has spearheaded a move into larger jobs. The firm is also hoping to win the £200 million “Baby Shard” job next to London Bridge station.

The jobs are expected to take three years to complete and Land Securities is hoping the market will have revived by then. Land Securities said at a recent results presentation that “the best recovery potential for rents, is the London West End office market and we are delighted that we have got a number of opportunities that we have been quietly nurturing in that market,” referring to the schemes.

Skanska was also understood at one stage to have been going for the Selborne House job, alongside another Mace bid.

Keltbray are carrying out soft strip, site enabling and security works at Selborne House and security works at Park House.

Land Securities is expected to confirm the three main contractor appointments in a trading update tomorrow morning.