Construction is set for completion in Q1 2025. Credit: Mace Group.

Global consultancy and construction company Mace has been selected as the lead contractor to renovate the Grade A office of 10 Gresham Street, in the Square Mile, London, UK.

Following the City of London Corporation’s approval for the 145,000ft² reconstruction, CBRE Investment Management (CBRE IM) hired Mace as the project’s contractor.

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The project will include a 5,146ft² rooftop terrace that will be curated to develop a set of distinct zones ranging from outdoor meeting spaces and flexible event areas to a sensorial garden, as well as a 2,700ft² multipurpose indoor rooftop pavilion.

Architecture company Gensler has remodelled this Foster+Partners-designed building to fulfil modern occupiers’ needs. 

The renovation also intends to reduce the building’s embodied carbon by reusing and repurposing materials and eliminating the use of fossil fuels.

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Once complete, the restoration is expected to obtain Building Research Establishment Environmental Assessment Methodology Outstanding and WELL Platinum ratings.

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Construction work is set to begin in the fourth quarter (Q4) of this year and is anticipated to be finished in Q1 2025.

Thamesis is the development manager, Knight Frank is the project manager, and AECOM is serving as the building services consultant for the development.

CBRE IM office asset manager and director Matthew Barratt said: “In the City of London currently, there’s increasing demand and limited supply of high-quality, highly sustainable office space focused on employee well-being.

“This refurbishment will reposition 10 Gresham Street to meet the demands and expectations of the modern-day occupier.”