McAleer & Rushe announced that construction is set to commence on the new 620 room hotel and hybrid aparthotel development at North Wharf Gardens with a contract value worth c.£82 million.
The new development is expected to complete in the Summer 2021.
Emmett McGinley, Commercial Director, McAleer & Rushe Contracts UK commented:
"We are looking forward to working as development partners with Concierge 3 and all shareholders in delivering this exciting project within the wider Paddington regeneration masterplan. Our experience in delivering high-quality mixed-use buildings will ensure this project is a real success and is currently our second major development in Paddington Basin."
Rabeea Shamsi CEO of BSW Land and Property, spokesperson for Concierge 3 Ltd. added:
"This exciting development will make a major contribution to the regeneration of Paddington and it also bears testament to London’s buoyant and resilient hospitality market. We will be working closely with McAleer & Rushe throughout the project and look forward to seeing this investment come to life on site."