Elements Europe, an offsite modular specialist, has been selected as main contractor for a £100m central London hotel and office project in the UK.
Asset Management Real Estate & Private Markets (REPM) is funding this project.
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The central London project’s development partners are BSW Land and Property, and The Pickstock Group.
This scheme in East Road will offer five storeys of offices below a 17-storey Motel One 4 hotel.
As most of the superstructure is built by prefabricated modules, this project is expected to reduce environmental impact and disruption due to fewer site deliveries, minimise noise and pollution.
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The project is anticipated to deliver the environmental, social and governance (ESG) goals of its stakeholders.
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By GlobalDataIt will be delivered with less operational carbon compared with a traditionally designed project.
The aim of the office space project is to achieve ‘Excellent’ BREEAM certification.
Elements Europe CEO Simon Underwood said: “We look forward to working with our partners in this prime, central London location, on this advanced scheme. Elements Europe has considerable experience as a leading large scale modular manufacturing and construction company, having been founded over 17 years ago.
“Now supported by one of the world’s leading construction and engineering Group’s – GS E&C – it enables us to provide certainty and security for our customers in today’s difficult markets. The environmental aspects of this scheme are important to us as a business and are another example of how the industry can continue to modernise for our sustainable future”.
Elements Europe has secured significant investment through majority acquisition by South Korean conglomerate GS E&C in 2020, which in turn has bolstered its balance sheet, as well as aim to become a sustainably, technologically advanced construction solution provider.
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Image: This project is expected to reduce environmental impact and disruption due to fewer site deliveries, and minimise noise and pollution. Credit: Element Europe.
