Mace appointed on iconic Park House building in London

Land Securities has appointed Mace Group on the prestigious Park House development on London's Oxford Street following a competitive tender.

The 500,000 sq ft Park House project, the largest development on Oxford Street for 40 years, will be delivered by the same highly successful team that delivered the Ropemaker project and will be led by director Jonathan Foster. Park House will provide some of the largest office floor plates in the West End together with much needed modern retail space on this internationally renowned street. The development includes luxury residential accommodation occupying half of the building from the second to seventh floor, offering a much sought after Mayfair address.

Jonathan Foster said: "We are delighted to be playing a pivotal role in delivering this iconic new building for Land Securities and have a highly experienced team in place to deliver".

Stephen Pycroft, Mace Group's Chairman and CEO, said: "We are pleased to support Land Securities as we begin to see an upturn for the commercial office market in the UK. We have responded to Land Securities' evolving requirements for the project, having originally been appointed in a construction management role and now winning the competitive pitch for their design & build contract. To be appointed on the largest of the three schemes announced today demonstrates our financial and delivery strength and we look forward to getting on with the task in hand, giving Oxford Street a much deserved, prestigious development."

With demolition and piling works already completed, works are expected to recommence in May 2010 with completion scheduled for November 2012.