Property developers Delancey and Qatari Diar have appointed Mace as the main contractor to build the first building of the second phase of the East Village. The East Village redevelopment sees the Athletes’ Village for London 2012 be transformed into a range of new residential properties, the second phase will see an additional 482 residential homes added to the more than 2,800 homes that were part of the first phase. The new development is set to be completed in 2018.
The housing situation in London has gained international notoriety, for all the wrong reasons. What are sometimes essentially walk in closets, that come with a bill of £500 a month excluding utilities, are being marketed as prestigious and liveable spaces in one of the world’s most prosperous societies – while almost a whole generation has been priced out of the market. The demand for housing has become so fierce, that even those accepted into sought after, and well paid, graduate career trajectories have found it difficult to get a foot in the door, prompting Deloitte to offer its first rung candidates with some degree of guaranteed housing in the new East Village development, the former Athletes’ Village for London 2012.
The first phase of the East Village re-development has so far been able to house an addition 6,000 residents across 2,818 homes. The second phase of the development is set to add two towers, one of 30 storeys and the other of 26 storeys plus ground level housing and amenities – adding a further 482 residential homes on land next to Celebration Avenue and Victory Park. The second phase is being developed by Delancey and Qatari Diar, while Get Living London is to provide property management for the residences.
The announcement will see Mace take on the role of main contractor to build the first building of the second phase of the East Village. Mace is an international consultancy and construction company, offering integrated services across the full property and infrastructure life cycle, with over 65 offices globally and a staff of over 4000.
The consultancy and construction firm already has a long standing relationship with the site, having participated as the delivery partner for the London 2012 Olympic and Paralympic Games, as well supporting the London Legacy Development Corporation for the post-Games transformation of Queen Elizabeth Olympic Park. The new development is set to be completed in 2018.
Mark Reynolds, Chief Executive at Mace, says that the project is a “fantastic appointment for Mace”, and reflects that the “development forms an important part of a legacy that is very close to our hearts, having worked on the London Olympic project from the beginning.” Reynolds, says that he is “delighted that we are now able to bring our residential expertise and focus on innovation and high-class delivery to East Village.”
Stafford Lancaster, spokesperson for Qatari Diar and Delancey, says that: “Mace has demonstrated its expertise through its work on both the London 2012 Olympic and Paralympic Games and the LLDC’s ongoing transformation of Queen Elizabeth Olympic Park. We are looking forward to seeing how the team will bring this expertise and local knowledge to these new homes at East Village, further building on the strong residential legacy we have already achieved.”