Local Pensions Partnership Investments (LPPI), The London Fund, Goldman Sachs Asset Management and sustainable real estate developer Edge, have appointed Mace as the general contractor for their EDGE London Bridge project, a 260,000 sq ft sustainable office tower in St Thomas Street, London Bridge.
The partnership – LPPI Real Estate Fund, The London Fund and Goldman Sachs Asset Management – will own approximately 75% of the EDGE London Bridge development, while Edge will own the remainder.
Mace was selected to deliver the office building and to drive sustainable construction methods during the development process, having achieved net zero in 2020 through the minimal use of offsetting. It has since pledged to further reduce its carbon emissions by 10% each year.
Groundwork on the 28 floors of commercial office space on St Thomas Street on London’s South Bank is expected to begin in January 2023, with completion scheduled for Q1 2026.
The aim is for the building to become “Paris-proof”, with targeted regulated energy consumption of less than 23 kWh per square metre, to align with the RIBA 2030 Climate Challenge operational intensity targets for new office buildings.
This is a key component of the offering for potential tenants and will help them to achieve their own sustainability objectives.
The building is designed to produce less than half the amount of carbon emissions of similar towers and will generate some of its own renewable energy on site. It will also target the highest levels of building certifications for wellbeing, sustainability and digital connectivity.
“We are excited to be part of this ground-breaking development that is set to redefine commercial building innovation and design for a more sustainable world,” said Richard Tomlinson, chief investment officer, LPPI.
“This project demonstrates our investment strategy to support large-scale regeneration projects that create jobs, lower carbon emissions, offer affordable workspace, and provide considerable environmental benefits to local communities.”