Mace has been appointed as the main contractor for the full refurbishment of the Woolgate Exchange building by developer Stanhope PLC and the Woolgate Exchange Unit Trust (WEUT).

The 9-storey office building in the city has been redesigned by architecture firm Stiff + Trevillion to cater to modern occupiers.

The refurbishment will include a new 1,500 sq ft rooftop pavilion with views of St Paul's Cathedral and the City's tower cluster, 20,000 sq ft of exterior terrace amenities, an expanded reception area, a new entrance, and a "pocket park" and retail amenities. The building is targeting net zero carbon and a 4.5* NABERS rating, and construction is set to begin in Q1 2023.

The building will become the newest addition to the City’s ‘London Tree Trail’, a celebration of the diverse tree population and history of the Square Mile.

Savills, who acts on behalf of the investor, has been appointed as the leasing agent, alongside JLL.

Practical completion of the scheme is expected in October 2024. 

Ged Simmonds, Managing Director for Offices, Construct, at Mace, commented: “We are delighted to have been appointed on such an ambitious scheme that puts sustainability at its heart, providing world-leading office spaces for current and future City workers. We look forward to working alongside Stanhope and our partners to bring the exciting vision for Woolgate to life.”

Laura Collins, Project Director at Stanhope, added: “Woolgate embodies Stanhope’s commitment to delivering assets, investments and developments that actively contribute to the reduction of carbon emissions whilst still providing grade A office space in the heart of the City of London. We look forward to commencing construction this Spring.”

Will Butler, Director at Cross Border Investment at Savills, said: “In a period of uncertainty in the development market, the owners of Woolgate are committed to delivering a fully repositioned building of scale with both exemplar sustainability credentials and tenant amenity. With the grant of a full planning consent and our enabling works well underway, the project is on track to complete in Q4 2024 when supply of best-in-class space is expected to be limited in the City of London.”

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