ALLOYMTD SEALED PCSA TO DELIVER LONDON’S PROPERTY PROJECT
- Mace Will Deliver Pre-Construction Services for the Iconic Central London Mixed-Use Development
- Enable AlloyMtd Group to Employ Contractors Before the Main Construction Contract Commences
London, 24 November, 2016 – Infrastructure conglomerate AlloyMtd Group today announces the appointment of Mace, a global construction and consultancy firm to deliver pre-construction services for the redevelopment of One Crown Place in London’s EC2.
Mace was chosen because of its experience in building high quality and complex developments. The pre-contract services agreement (PCSA) was signed today and will see the Mace team work with AlloyMtd Group to design and procure the sub-contractor packages, the first part of a two-stage construction process. It is hoped that a Joint Contracts Tribunal (JCT), a major project contract, will be signed in autumn 2017.
AlloyMtd Group President and Chief Executive Officer, Tan Sri Dr Azmil Khalid said: “We are very pleased to have appointed Mace to deliver pre-construction services on the project which has a gross development value of circa £500 million. Mace’s wealth of experience will ensure that the construction of this development can move forward rapidly and efficiently, despite the logistical challenges of the site. This is the first project of its type that AlloyMtd has developed in central London and we very much look forward to working together with Mace and CBRE to deliver this new London landmark.”
Mace COO for Construction, Gareth Lewis, said: “I’m delighted that Mace has been appointed to deliver this prestigious mixed-use scheme for AlloyMtd in the heart of the financial district. It’s a complex and challenging project and we will be drawing upon our extensive experience in this field to create a high-value, high-rise development that leaves a lasting legacy for London.”
One Crown Place is situated on the edge of the City of London in the EC2 postcode. The site is bordered by Earl Street, Crown Place, Sun Street and Wilson Street, in an enviable location at the confluence of some of London’s most prosperous and fast growing markets. Its Zone 1 location has excellent transport links with Liverpool Street (National Rail and multiple underground lines), Shoreditch High Street (Overground), Old Street (Northern line) and Moorgate (Northern, Circle, Hammersmith & City and Metropolitan lines) – all within half a mile or five minutes’ walk from the site.
Most of London’s top universities are located in Zone 1. University College London (UCL), King’s College London, London Metropolitan University and the University of the Arts are all within 25 minutes from One Crown Place.
The unique feature of One Crown Place is its combination of modern, cutting-edge architecture housing a mix of modern offices with spectacular apartments on the upper floors. In contrast, the last remaining complete row of Georgian houses in the area fronts the scheme. They are to be sensitively restored to their former condition, to house a clubhouse for the residents together with a boutique hotel.
The One Crown Place development, designed by architects Kohn Pedersen Fox (KPF), is expected to be completed in 2020. KPF’s previous works include Heron Tower in London; Hudson Yards in New York; Northeast Asia Trade Tower in Incheon, South Korea; the Hong Kong International Commerce Centre; and Shanghai World Financial Centre.
Once completed, One Crown Place will house two residential towers located above a podium office space to meet the requirements of modern day occupiers who want to live and work in the same area. The residential accommodation will provide a total of 246 private apartments.
The office space is to be housed in two buildings: a new podium building and the refurbished 54 Wilson Street building, providing 120,000 sq ft and 20,000 sq ft of net floor area respectively. Retail space is to be distributed across the ground floor of all of the buildings. The Sun Street Georgian terraces will house a hotel and leisure/restaurant space of circa 22,000 sq ft of net area.
Global property firm CBRE was appointed by AlloyMtd in 2015 to act as development manager, to sell the site’s 246 private apartments and lease 140,000 sq ft of commercial space.
Currently the site is being prepared for construction with piling due to start in March 2017 and construction is set to be completed by summer 2020.
About AlloyMtd Group
AlloyMtd Group is a multinational infrastructure-based company headquartered in Kuala Lumpur, Malaysia. It is active in 15 countries with investment portfolios in properties & real estate, civil engineering & construction, manufacturing of precast related products, infrastructure concessions (ranging from tolled highways, ports to IPP), operations & maintenance.
Mace is an international consultancy and construction company employing over 5,000 people, across five continents with a turnover of £1.77bn. Mace’s business is programme and project management, cost consultancy, construction delivery and facilities management and is truly multi-disciplinary with services spanning the entire property and infrastructure lifecycle.
Mace works with clients in the private, public and infrastructure sectors and five strategic hubs in Europe, Middle East & North Africa, the Americas, Asia Pacific and Sub-Sahara Africa that service over 70 countries. For more information visit: www.macegroup.com
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
For media enquiries, please contact:
1. Fazlyaton Hussein, Head, Corporate Communications Department at
2. Ahmad Farizal Abdul Hajat, Vice President, Corporate Communications at
3. Sofia Roseli, Executive, Corporate Communications at