Lodha UK has appointed Mace, one of the UK’s largest construction firms, to construct its prestigious Mayfair development, No. 1 Grosvenor Square. Mace will be the main contractor under a design and build contract for the landmark building in central London which was formerly occupied by the Canadian High Commission. The expected construction cost for the project is in the region of £140 million.
Mace will carefully reconstruct and restore the façade of the neo-Georgian building which has been meticulously dismantled brick by brick. More than 2,000 pallets of stone and brick were removed and transported to a secure off site location for storage during the deconstruction process. Reconstructing the façade will allow for ceiling heights of between 3.1 and 4.2 metres, which will be among the highest of any new residential scheme in London.
Mace will commence construction work in Autumn 2017 once specialist contractor McGee has completed piling and excavation of the site.
Pranav Goel, co-head of Lodha UK, said:
“Mace has a very strong track record of delivering high quality, iconic developments in central London. No. 1 Grosvenor Square will be one of the most sought-after residential developments in the world and we look forward to working with Mace to deliver this exceptional scheme.”
Gareth Lewis, chief operating officer of construction at Mace, said:
“We are delighted to have been chosen as the main contractor for the restoration and redevelopment of the historic No.1 Grosvenor Square in Mayfair for Lodha UK. Mace has an extensive track record in the residential sector. Whether we’re refurbishing or converting older properties, including listed buildings, or delivering new build developments, we are committed to raising the quality of living both in the UK and abroad. We look forward to working closely with Lodha to bring their plans for No.1 Grosvenor Square to fruition.”
The original building was constructed in the 1930s and was previously occupied by the US Embassy between 1938 and 1960. It is located on Grosvenor Square, which is one of the largest garden squares in London, close to Mount Street and Bond Street and the exquisite restaurants, art galleries, five star hotels and shopping boutiques which make Mayfair an international destination.
No. 1 Grosvenor Square, among the most prestigious addresses in the capital, is one of two residential projects that Lodha UK is developing in London and is scheduled to complete in 2019. Lodha UK’s other project, Lincoln Square, is located in the heart of London’s legal quarter and is due for completion in early 2019. Lincoln Square, which launched last year, has been an incredible success with over three quarters of apartments sold in the first phase in less than six months.
The new development, No. 1 Grosvenor Square, will comprise a mix of apartments, duplexes and a penthouse. Lodha UK purchased the Mayfair site in 2014. Full demolition including the existing basement is expected to complete in April 2017.