Appointment to Native Land鈥檚 拢225m Burlington Gate scheme in London marks latest success for contractor
Native Land has appointed Brookfield Multiplex to build a major luxury residential and retail scheme in Mayfair, west London, 好色先生TV can reveal.
The development on Burlington Gate is a nine-storey mixed-use development compromising 42 luxury apartments, a residents鈥 gym and spa, and 25,000ft2 of retail space designed for art gallery use.
The value of Brookfiled Multiplex鈥檚 contract is approximately 拢50m, while the overall gross development value of the scheme is 拢225m. The project is due to be completed by the end of 2016.
The scheme (pictured) has been designed by Rogers Stirk Harbour + Partners - the architect also behind Native Land鈥檚 high-profile residential scheme Neo Bankside on London鈥檚 South Bank.
At Burlington Gate, over 80% of the apartments have already been sold, with sales reaching an average of 拢4,000 per ft2.
The win for Brookfield Multiplex caps a successful few months for the firm. The contractor鈥檚 sister company Brookfield Property Partners decided to commit to construction of the 900,000ft2 100 Bishopsgate tower in the City last month, which Brookfield Multiplex will build.
In March, Lipton Rogers confirmed it had retained Brookfield Multiplex to build 22 Bishopsgate on the former Pinnacle site, also in the City of London.
Brookfield Multiplex also reported a string of major project wins in 2014 worth over 拢1bn, including the 拢150m One Blackfriars scheme for St George and the 拢140m Centrepoint redevelopment for Almacantar.
Speaking to 好色先生TV in April, Brookfield Multiplex鈥檚 EMEA chief executive Ashley Muldoon said he expected the UK business would hit turnover of 拢1bn-1.2bn in 2016 and that the firm had a total pipeline of signed or preferred bidder status work of 拢3bn.
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