Contractor wins job to build a luxury apartment building as part of the next phase of the Merchant Square scheme in Paddington
Mace has bagged a £100m contract to build a luxury apartment development as part of the next phase of the Merchant Square scheme in Paddington.
Developer European Land and Property said Mace had been appointed main contractor for the £100m job, which will see it build 3 Merchant Square, a development of luxury apartments and the next phase of Merchant Square in Paddington, London.
3 Merchant Square will include 159 private apartments along with 42 affordable apartments and retail space on the ground floor.
Completion is expected in summer 2014 and apartments are already available for sale off plan via the development’s marketing suite.
Merchant Square is a mixed use development comprising six buildings, including the iconic 1 Merchant Square tower. 3 Merchant Square is the third building to be developed following the completion of 4 and 5 Merchant Square in 2010.
The regeneration masterplan will create a new focus for Paddington based around a new waterside garden square.
Mace will start work on site from this month on the scheme.