Two shortlists for Sellar’s £825m Paddington Square development have been revealed, including contenders for main contractor and for piling and basement works.
Sellar Property Group are the developers that brought us The Shard, the tallest building in the United Kingdom. Italian architect and engineer, Renzo Piano, renowned for his design of The Shard, has joined forces with Sellar once again for the development of Paddington Square.
Sellar’s plans feature a 360,000 sq ft office building, 75,000 sq ft of retail and commercial space and a 55,000 sq ft public square. The scheme will also see a £65m investment in the Bakerloo line station, with plans for a new ticket hall at Paddington. The 14-storey development was granted planning approval in December 2016 by Westminster Council.
Mace, Multiplex and Sir Rober McAlpine have been shortlisted to be named as the main contractor on the scheme, according to Paul Flexney-Briscoe, Sellar’s Property Construction Director. A decision on the chosen contractor will be made by the end of the year.
Flexney-Briscoe also revealed that Erith, Getjar, J Coffey and Keltbray were on the shortlist for the £50m piling and basement works. This decision is to be made by mid-January, with the job starting mid-February.
For the main contractor role, the shortlisted companies had been chosen from an initial list that also featured Laing O’Rouke, Lendlease and Skansa. Flexney-Briscoe revealed he had met with all the firms on the longlist. He said “I spoke to them in a very straightforward manner: I wanted to know if they were too busy, because we want someone that is completely focused on this job.”
Sellar’s Construction Director said he wanted the winning contractor to make a reasonable profit on the scheme. “We as a developer look that the contractor makes a reasonable margin. We think that it’s between 5-6 per cent, so if someone came in at 2-3 per cent, we’d be wary of that. We want them to make a reasonable return.
“There’s nothing like this project in London. The contractor is not there to make it cheaper; we’re looking for a high level of finish.”
He commented that the contract would not be fully agreed until August next year, allowing for adjustment to market conditions following Britian’s departure from the EU.