McLaren Construction is main contractor for the construction works at Aldgate Place Phase 2 in London.
It is a build-to-rent residential development on a logistically challenging site next to Aldgate East station, comprising 160 homes and 20,000 sq ft of office space once complete.
The project was put on hold after the first national lockdown was announced in March 2020. At that stage, McLaren had a preconstruction services agreement (PCSA) with the developer British Land.
This is McLaren’s 15th project for British Land over the past 10 years and takes the total value of its work for this customer to more than £200m.
British Land chief executive Simon Carter said: “We are excited to commit to Phase 2 at Aldgate Place, our first build-to-rent development, which will be an exceptional building in a thriving part of the City. This is another example of us executing against our strategy, exploiting our competitive strengths in development to deliver high quality space with a range of uses in excellent locations.”
In addition to the build-to-rent apartments being developed at Aldgate Place, British Land will also deliver between 2,000 and 4,000 homes as part of the flexible planning consent secured at Canada Water, its fourth London campus.
The development of Aldgate Place brings total development commitments to more than a million sq ft since November 2020, following recent commitments to 1 Broadgate and Norton Folgate.
Works at Aldgate Place will start on site in Q3 2021. Phase 1 of the scheme was completed in 2017 and comprised 304 apartments and a 160 bedroom hotel.