Market Leads & Opportunities
Mace extends Olympic legacy role
The London Legacy Development Corporation has appointed Mace as project manager for the construction of Stratford’s new East Bank development.The £1.1bn project brings together several education and cultural organisations, including the London College of Fashion, the Victoria & Albert Museum (V&A), the Smithsonian Institution, Sadler’s Wells Theatre and the BBC. East Bank, in the Queen Elizabeth Olympic Park, will also be home to a new campus for University College London, called UCL East.Mace will lead project and construction management on the V&A East museum, Sadler’s Wells East theatre, London College of Fashion’s campus and the BBC Concert Hall.Procurement of a main contractor has begun and the timetable envisages the development opening from 2022.East Bank will be spread across three sites – UCL East, Stratford Waterfront (BBC, the V&A including a partnership with the Smithsonian Institution, Sadler’s Wells and UAL’s London College of Fashion) and Here East (the V&A’s new Collection & Research Centre, and an existing space for UCL).The Ministry of Housing, Communities & Local Government has allocated £151m to deliver East Bank and the Mayor of London has given £385m.
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