REDS – The Penny Brook Hotel – Greater London - Project Profile

REDS – The Penny Brook Hotel – Greater London - Project Profile

  • March 2018 •
  • 8 pages •
  • Report ID: 4881595
Synopsis
"REDS – The Penny Brook Hotel – Greater London - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "REDS – The Penny Brook Hotel – Greater London - Project Profile" is part of Timetric’s database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary
Real Estate Debt Securities Ltd (REDS) is constructing a boutique hotel in Stratford, London, the UK.

The project involves the construction of a 285 bedroom hotel over 18-story by Hilton Curio and a 136 room longstay hotel over 17-story by Adagio.

It includes the construction of a pop-up street food market, 1,270m2 of conference facilities, a 530m2 ground floor restaurant, 110m2 ground floor cafeteria, 276m2 top-floor restaurant, a 276m2 top floor lounge, parking facilities and related facilities.

NOHO Hospitality Group is undertaking the management contract and Grzywinski+Pons Ltd and ICA Architects were appointed as architects, TowerEight as project manager, Manhire Associates as structural engineer, Chris Blandford Associate as landscape architect and RPS Group as Cost Consultant for the project.

DBK Partners Ltd, GL Hearn Ltd has been appointed as Cost Engineer and Planner, Equity Bridge Asset Management (EBAM) and Times Two Securities Limited as associate developers for the project.

On May 6, 2015, project received planning approvals.

Ardmore Group has been appointed as the contractor.

In December 2017, Ardmore Group commenced site preparatory works and are underway. Construction activities are scheduled to be completed by the first quarter of 2020.

Scope
The project involves the construction of a 285 bedroom hotel over 18-story by Hilton Curio and a 136 room longstay hotel over 17-story by Adagio at Plot N17, Celebrations Avenue, Penny Brookes street, Stratford, London, the UK.

The US$192 million project includes the following:
1. Construction of a pop-up street food market
2. Construction of 1,270m2 of conference facilities
3. Construction of 530m2 ground floor restaurant
4. Construction of 110m2 ground floor cafeteria
5. Construction of 276m2 top-floor restaurant
6. Construction of 276m2 top floor lounge
7. Construction of parking facilities
8. Construction of related infrastructure
9. Installation of elevators
10. Installation of safety and security systems

Reasons To Buy
• Gain insight into the project.
• Monitor the latest project developments.
• Identify key project contacts.
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Country=UnitedKingdom Industry=Tourism ParentIndustry=Services Date=201803 Publisher=Timetric Price=1000