Mace agrees £2bn decade-long development framework

Mace has been chosen to deliver up to £2bn of construction work over the next decade at the Greenwich Peninsula in London for private developer Knight Dragon.

The agreement will see the two firms work together to deliver four plots on the Lower Riverside scheme, as well as other plots on Meridian Quays.

Hailed by Mace as the largest agreement of its kind, up to 21 projects could be delivered in the coming decade, with “at least” £2bn of construction work.

Mace will build 431 homes on a 1.4-acre site known as 19.05 on the Greenwich Peninsula in South East London as part of the first scheme. They compromise a mix of studios, and one-, two- and three-bed apartments in four towers, which vary from 11 to 19 storeys.

The scheme will use a precast concrete frame and a structural, concrete sandwich panel façade. There will be 562 bathroom pods, 431 prefabricated utility cupboards, prefabricated balconies, vertical and horizontal MEP modules, and other sub-assemblies.

Knight Dragon chief executive Richard Margree said: “I am delighted to be working with Mace again. Their determined desire to be better and do better matches our own. The scale of our joint proposals and this 10-year framework demonstrates an ambitious and brave partnership.

“We are confident we can deliver together by being long term in our thinking.”

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