FOR IMMEDIATE RELEASE
ALLOYMTD GROUP APPOINTS MACE AS MAIN CONTRACTOR TO DELIVER LONDON’S ICONIC ONE CROWN PLACE DEVELOPMENT
LONDON, 12 MARCH 2018 – Malaysian infrastructure conglomerate AlloyMtd Group today announces the appointment of Mace, a global construction and consultancy firm, to deliver the redevelopment of One Crown Place in London’s EC2.
Following a successful pre-construction phase, Mace was chosen because of its experience in building high quality and complex developments. The main contract was signed today, a major achievement for the project in today’s challenging market. Construction is due to commence on the site in April this year.
AlloyMtd Group Chief Executive Officer, Tee Kim Siew, said: “We are very pleased to have appointed Mace to deliver this iconic mixed-use development in Central London. This is a major milestone for the project and for AlloyMtd Group and demonstrates our commitment to delivering a world-class, vibrant destination located in one of the capital’s most exciting areas.
“We look forward to working alongside Mace to realise our vision for this landmark scheme and see them forge ahead with construction for the new office podium and residential buildings, following the completion of the groundworks and hotel stabilisation.
“The development offers the highest standards in both residential and retail with top British design, creating a new live-work hub right on the edge of the City of London that is not just Monday-Friday, nine-to-five.”
Gareth Lewis, Mace’s Chief Operating Officer for Construction, said: “After working on the pre-construction phase of One Crown Place we’re very pleased to have Mace’s role confirmed on the construction of the project. We thank AlloyMtd Group for the faith and trust they are placing in us to deliver such a fantastic scheme on their behalf.
“The project’s unique design will make for a complex construction delivery; particularly the engineering behind the three-storey steel truss that supports the two towers. We look forward to working closely with AlloyMtd Group and our supply chain partners to overcome those challenges and deliver a project which will leave 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. With Crossrail services scheduled to begin at Liverpool Street Station this year, travelling both east and west will be even faster and more efficient.
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. Measuring 22,000 sq ft of net area, they are to be sensitively restored to their former condition and will house a clubhouse for the residents, together with a boutique hotel – which will be operated by Bespoke Hotels – which includes a destination restaurant.
The One Crown Place development, designed by architects Kohn Pedersen Fox (KPF), is expected to be completed in Q4 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. Global property firm CBRE was appointed by AlloyMtd Group in 2015 to act as development manager, to sell the site’s 246 private apartments and lease 140,000 sq ft of commercial space. Construction is set to be completed by the end of 2020.
For the record, AlloyMtd Group acquired One Crown Place in 2013 from UBS, marking the re-entry of the Group in London’s real estate and property market. Metacorp Berhad, a wholly-owned subsidiary of AlloyMtd Group was an equal partner in the Spitalfields office development in London between 1996 and 2000.
Notes to editors:
About AlloyMtd Group
AlloyMtd Group is a multinational infrastructure-based company headquartered in Kuala Lumpur, Malaysia. The Group has a strong global presence with investment portfolios in properties & real estate, civil engineering & construction, manufacturing of precast related products, infrastructure concessions and operations & maintenance. AlloyMtd Group is an experienced player in the property development sector on the Malaysian and overseas fronts. Its portfolio includes the Blue Horizon Resort, Airlie Beach; Whitsundays, Queensland; 88 Dow Street in Port Melbourne, Six Murphy Street and 339 Rockley Gardens in South Yarra, Melbourne; Tanduk 5 Residency in Bangsar, Kuala Lumpur, Calabarzon Regional Government Centre in Calamba, and Nueva Ecija Government Centre in Palayan. Development in the pipeline includes the Bataan Government Centre in Balanga City and the New Clark City New Government Administrative Centre, Clark. For more information, visit: www.alloymtd.com.
Mace is an international consultancy and construction company employing over 5,000 people, across five continents with a turnover of £1.97bn. 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.
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