Mace has been appointed to revive a landmark 1930s building in central London.
Mace will reconstruct and restore the facade of the Mayfair-based 1 Grosvenor Square, with construction cost believed to be in the region of £140m. The new development will comprise a mix of apartments, duplexes and a penthouse.
The building has been dismantled brick by brick and the materials will be stored off-site during the deconstruction.
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 1 Grosvenor Square in Mayfair for Lodha UK.
“We look forward to working closely with Lodha to bring their plans for No.1 Grosvenor Square to fruition.”
Indian developer Lodha UK purchased the Mayfair site in 2014. Full demolition is expected to complete in April and Mace will commence construction in autumn once specialist contractor McGee has completed piling and excavation of the site.