Contractor Mace has started work on site at 240 Blackfriars Road, the new home of UBM, the publishers of Building magazine

As main contractor Mace will deliver the £65m project for the Great Ropemaker Partnership, a 50:50 joint venture partnership between Great Portland Estates plc (GPE) and the BP Pension Fund.

The building will provide 19 commercial office levels, an adjacent five-level residential building and retail elements.

Upon its completion in 2014, 104,000 square foot of the office space will be occupied by UBM.

Julian Bates, Mace Senior Project Manager said: “For the last four months the Mace team and client have worked hard to finalise agreements and the project plan.

“We are delighted to be starting on site. This is the first of many great milestones to be made on this project and I would personally like to thank all those involved for their hard work in making this happen.”