The Crown Estate is set to go to market this summer for a main contractor for its £450m St James’s Market scheme
In an interview with Building, Alastair Smart said the Crown Estate would go out to the market this summer for a main contractor for its St James’s Market scheme, which it says wil be worth £450m when complete.
The project, which Westminster council resolved to grant planning permission last month, comprises one new build commercial building, one refurbished commercial building and two residential projects.
Smart said: “We’ll be on site in September and we’re yet to go out to the procurement supply chain… we’re just refining the procurement strategy and we will be going out to the market in the summer.”
He added that the Crown Estate always seeks to set a fixed price with a main contractor for each project that it undertakes.
Full the full interview with Alastair Smart see here.