Mace go-ahead for London £150m Hanover Square scheme

Aaron Morby 1 year ago
Share

Great Portland Estates has confirmed it is to start building work on its planned Hanover Square scheme in London after securing a pre-let.

GPE formed a 50/50 joint venture, the GHS Limited Partnership, with the Hong Kong Monetary Authority to own and develop the Hanover Square Estate in the heart of London's West End.

Mace is lined up for the main building works with subsidiary Como carrying out fit-out works for the Mayfair project.

Enabling works have been underway on the 1.3 acre, mixed-use scheme, which includes a nine storey building incorporating the eastern entrance to the Elizabeth Line’s Bond Street station, to be known as 18/19 Hanover Square.

This will include 130,000 sq ft of offices and ground floor retail. GPE will purchase this element of the site from Transport for London, on a new 150 year lease, upon completion of the new ticket hall structure now expected in June.

The development site, assembled in five separate deals with previous owners, also includes a separate building on New Bond Street containing 31,300 sq ft of retail and 33,300 sq ft of offices.

GPE will also build six luxury flats at the junction of New Bond Street and Brook Street and restaurant and offices in the Grade II listed 20 Hanover Square.

Toby Courtauld, GPE Chief Executive said: “This is a very exciting milestone for us. Since completing the site assembly in 2008, we have worked closely with Crossrail and Westminster to masterplan the site around the proposed station to create a world-class scheme, on a premier garden square, in the heart of Mayfair.

 

Latest project news

BAM Nuttall wins Brent Cross South infrastructure

Contractor wins 15-year deal for North London new town centre infrastructure
3 months ago

BAM wins £30m Dawlish sea wall rebuild

Work to start later this month on 2.5m taller sea defences
3 months ago

ISG set for £50m Swansea student tower

Work to start on 780-room student accommodation for Fusion
4 months ago

BAM set for £40m Salford trauma centre

Salford Royal NHS Foundation Trust is seeking full business case approval
4 months ago

Kier wins £253m Midlands prison job

Work to start next month on new Wellingborough prison in Northamptonshire
4 months ago

Balfour Beatty set for Midland Met finishing deal

NHS Trust close to deal with Balfour Beatty within £267m budget
4 months ago

Six share £750m Network Rail signalling deals

VolkerRail, Atkins and Colas among big winners
4 months ago

Morgan Sindall starts main build on £64m sports centre

Construction gets underway on major scheme for Liverpool John Moores University
4 months ago

Wates confirms £60m Commonwealth Games pool win

Enabling works for Sandwell Aquatics Centre to start this summer
4 months ago

Balfour lands £26m Aberdeen terraced gardens upgrade

Work to start this summer on Victorian Union Terrace Gardens project
4 months ago

Galliford Try wins first phase at £6bn Meridian Water

Partnerships division wins race for landmark scheme beating three rival bidders
4 months ago

Osborne confirmed winner of £40m Regent House rebuild

Main construction work to start next month at west London site
4 months ago

McLaren seals first job in £1bn Barking town revamp

Work to start once London Mayor approves twin tower resi scheme
4 months ago

Winners unveiled for £400m Dounreay decommissioning

28 firms named on major nuclear framework: Full list of winners
4 months ago

Eight placed on £200m London Universities framework

Graham, Speller, 8build and Walter Lilly among preferred list
4 months ago

Wills Bros wins £31.5m Maybole Bypass in Scotland

5.2km bypass on A77 in south west Scotland will employ 165 workers at peak
4 months ago

VINCI starts work on new £100m Birmingham hospital

Contractor gets underway on three-year build programme
4 months ago

Four civils firms scoop £2.6bn flood and coastal framework

Kier breaks into Environment Agency preferred contractors list
4 months ago

Dozen firms win £500m City of London deal

Morgan Sindall, Osborne and Speller Metcalfe among winners
4 months ago

Wates starts £24m Shoreham flood defence

Enabling works to pave way for 540-home Free Wharf scheme
4 months ago

Walter Lilly wins £55m London medical HQ project

Renew Group building specialist signs preconstruction services agreement
4 months ago

McGoff replaces Eric Wright on £70m Altrincham scheme

Residential and retail scheme to finally start after three-year delay
4 months ago

Willmott Dixon wins Wolverhampton 266 new homes job

Council picks builder for major city site housing scheme
4 months ago

Bouygues signs off East London town hall deal for £110m

Around 500 workers on site at peak periods.
6 months ago

McAleer & Rushe gets go-ahead for two Maldron hotels

New Birmingham and Glasgow hotels will cost £85m to build
6 months ago

Telford Homes to start 260 London rental homes scheme

House builder forward funds £100m Equipment Works scheme in Walthamstow
6 months ago

April start for Balfour £55m Plymouth link road

Forder Valley Link Road project given £22m of Government funding
6 months ago

Galliford Try bags £275m Ealing council HQ scheme

Mixed-use West London scheme also includes a library and 470 homes
6 months ago

Buckingham confirmed for £120m Swansea arena

Six months of pre-construction work to now get underway
6 months ago

Lendlease wins £8bn Thamesmead development

Morgan Sindall beaten in race for 11,500 home site
6 months ago

Contractor services