Completion is scheduled for 2030
Mace has been appointed by Hertshten Properties as construction partner for the development of 85 Gracechurch Street, a 30-storey mixed-use tower in the City of London.
Located within the Leadenhall Conservation Area and adjacent to the Grade II Listed Leadenhall Market, the scheme is designed by Woods Bagot architects.
The building will replace a 1930s office building with approximately 235,000 sq. ft of office space, as well as an event space with a 270-degree terrace.
The development is designed to meet or exceed the environmental standards of the Greater London Authority and the City of London, and it is targeting a BREEAM Outstanding rating upon completion.
The design includes energy efficient mechanical systems, extensive urban greening, natural ventilation, and 440 cycle parking spaces, including an automated cycle hub for visitors.
The site’s archaeological heritage has played a role in shaping the vision for the building. Excavations have revealed substantial remains of London’s first Roman Basilica which will be displayed in situ - creating a destination that connects the City’s storied past with its future.
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Plans include a reinstated pedestrian route between Gracechurch Street and Lime Street Passage will improve connectivity and support Leadenhall Market’s transformation into a vibrant, seven-day-a-week destination.
Following Mace’s successful tender, the team entered the Pre-Construction Services Agreement (PCSA) phase, with completion scheduled for 2030.
Ged Simmonds, managing director private sector, Mace Construct, said: “Ȧ on our track record constructing market-leading commercial developments in London, 85 Gracechurch Street offers a unique opportunity to deliver a sustainable and forward-thinking office.
”Our focus now is on working closely with Hertshten Properties and the wider project team to deliver a building that responds to its historic context while meeting the needs of a modern, evolving city and its future occupiers.”
Ron Hertshten, CEO of Hertshten Properties UK, said: “We are delighted to announce the appointment of Mace as the main contractor for 85 Gracechurch Street.
“With its extensive track record in delivering complex, high-profile projects, Mace brings a wealth of experience and expertise to the table. We are confident that their leadership will be instrumental in realising our vision for this landmark scheme.”
Others working on the 85 Gracechurch Street job include project manager Gardiner & Thoebald, surveyor Shaw Corporation, QS Turner & Townsend Alinea, multi-disciplinary firm Arup, M&E consultant Sweco, planning specialist DP9 and structural and geotechnical firm Robert Bird.
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