Stanhope appoints Mace Construct to construct Red Lion Court

Stanhope announces that it has awarded Mace Construct the contract for Red Lion Court, a landmark riverside development that will deliver a new 250,000 sq ft office tower with a Gross Development Value of £450 million on London’s South Bank. Mace Construct has already commenced enabling and piling works, with the main build construction phase due to start in Q4 this year and practical completion targeted for early 2029.

The appointment follows shortly after Stanhope’s acquisition of Red Lion Court in September 2025 alongside Cheyne Capital (“Cheyne”), the global alternative investment fund manager, and allows the project to be delivered during one of the most supply constrained periods in the London office market. The investment reflected both parties’ strong conviction in the continued strength of occupier demand for sustainably developed, prime Central London office space with integrated technology, high quality amenities and excellent transport connectivity.

The Bjarke Ingels Group designed project sits on a 1.24 acre site and will comprise two basement levels and 11 floors above ground, delivering c. 249,500 sq ft of highly flexible offices with generous floor to ceiling heights, along with 1,000 sq ft of café space. The occupier experience is central to the building’s design, with four terraces overlooking the River Thames, a world class amenity provision featuring a club room and wellness centre. It will also offer market-leading end of trip facilities, including 473 bike spaces and 54 showers, and a carefully curated new public realm.

Tony Wall, Head of Development at Stanhope, commented: “Over the past thirty years, Mace Construct has partnered with us on some London’s most iconic buildings – the team has a proven, through the cycle track record delivering high-profile projects and their innovative approach to this project again made them a natural choice to manage its construction. Red Lion Court is set to be another landmark development and awarding this contract shortly after acquiring the project last year allows us to work to a timetable that delivers this prime new office space at a time when the market will be amongst its most constrained in terms of supply. With a world class project team now in place, we look forward to working with Mace and turning our vision into reality.”

Ged Simmonds, Managing Director for Commercial at Mace Construct, added: “We are immensely proud to be entrusted with the delivery of Red Lion Court, a project that will set new benchmarks for sustainable and innovative workplaces in London. We are excited to work in close partnership with Stanhope to realise their vision, leveraging our expertise in disciplined delivery to ensure an outstanding result for the occupiers and surrounding community.”

Situated between London Bridge and Southwark Bridge, the development offers unrestricted views across the river to the City and St. Paul's. Its prime location offers exceptional connectivity given its proximity to London Bridge, Cannon Street, Waterloo and Blackfriars stations.

The building benefits from its central position within Bankside, a well-established commercial and cultural district with a strong residential offering. Nearby amenities include Borough Market, Borough Yards, Tate Modern, and Shakespeare’s Globe Theatre, reinforcing the area’s credentials as a seven-day-a-week destination.

In line with both Stanhope and Cheyne’s sustainable development commitments, the all-electric scheme is designed to be net zero in operation, and is targeting NABERS UK 5* and BREEAM Outstanding certifications.