McBains has been appointed to project monitor the first phase of the £1.7 billion Royal Albert Docks regeneration.
The full, six-phase mixed use development, next to London’s City Airport, will create 4.7 million square feet of mainly office space, together with residential, retail and public realm.
The scheme’s developers, ABP, seek to position the development as London’s third business district, attracting businesses from China and other parts of Asia.
“ABP’s plans for the Royal Albert Docks will transform a historic part of London into a vibrant destination to live, work and visit,” commented Gareth Hird, Director at McBains.
The first phase of the project, which includes seven office buildings, together with some retail usage on the ground floors, is scheduled to complete in 2019.
McBains’ instruction comprises two parts; the first on behalf of a syndicate of Chinese banks, led by the Bank of China; and the second on behalf of the mezzanine financiers, China CITIC Bank.
Chinese contractor CITIC Construction has been appointed as the main contractor, with Multiplex as principal subcontractor.

You might be interested in...

McBains advises APG Asset Management on acquisition of PPP portfolio
McBains has advised one of the world's largest pension investors APG Asset Management N.V (APG) on its recent successful acquisition of a UK PPP portfolio, having provided technical due diligence services in relation to the acquired assets.

Outlook for Property & Construction "Bouyant", Says New McBains Report
The medium-term prospects for the property and construction industry remain buoyant despite current market uncertainty, according to a new report published by McBains.

McBains Hosts University of Oxford Capital Projects Team for Cost Management Workshop
McBains was delighted to recently welcome members of the University of Oxford Capital Projects Team to our head office in Finsbury Square, London.

INSIDE HOUSING: How to meet the challenges of decarbonisation and economic viability in social housing
Irina Leigh shares her views with Inside Housing on how the cost of inaction in making social housing stock climate resilient is deterioration, disposal and fuel poverty.

CONSTRUCTION NEWS: Why we must improve wellbeing in the built environment
McBains has placed an opinion article in Construction News focusing on the importance of wellbeing within the built environment.

ENERGY MANAGER: How Energy Efficient Standards Are Transforming London's Commercial Buildings Into More Resilient And More Investable Assets
McBains has placed an opinion article in Energy Manager magazine focusing on energy performance as an increasingly influential driver of property value, with improvements in EPC ratings and green certifications boosting rental income and capital value.