Firm lands £140m first phase of South Molton Triangle development

Skanska has won the first phase of a £500m mixed-use scheme in London’s upmarket Mayfair being developed by Grosvenor and the UK arm of Japanese developer Mitsui Fudosan.

Building understands the firm has beaten Multiplex to the £140m job which includes 263,000 sq ft of office space as well as retail and food and drink outlets at street level.

Multiplex is currently working on another Grosvenor job, the 65 Davies Street office scheme above the Bond Street Elizabeth Line station which topped out over the summer.

South Molton Triangle

The scheme is being developed in phases and includes offices, residential and retail

The Mayfair job runs between Davies Street and South Molton Lane, with the South block also facing onto Brook Street.

Mitsui has worked with Stanhope since 2008 but has now linked up with the Duke of Westminster’s property group for its debut job.

The joint venture will focus on the North and South blocks of the Hopkins Architects-designed proposals for the development called the South Molton Triangle.

Located opposite the new Bond Street Elizabeth Line station, the full plan for South Molton Triangle will also see four grade II-listed town houses converted into a hotel and a row of listed Georgian office buildings retrofitted to create 33 homes.

The Running Horse pub on Davies Street will also be refurbished, while £8m will be invested in improving the public realm, with BDP overseeing the design of the latter.

Grosvenor said it will oversee the delivery of these parts of the project on its own.

The wider project team also includes AKT II as structural engineer, Hoare Lea as M&E consultant and Gleeds as quantity surveyor.