Offsite modular specialist Elements Europe has been appointed as the main contractor on a £100m central London hotel-and-office scheme.
The central London scheme in East Road will provide five storeys of offices below a 17-storey volumetric modular Motel One 4* hotel.
The development is being funded by UBS Asset Management Real Estate & Private Markets (REPM) and development partners BSW Land and Property and The Pickstock Group.
The majority of the superstructure will comprise prefabricated modules, minimising environmental effects and disruption due to fewer site deliveries.
The scheme will be delivered with less embodied and operational carbon than a traditionally designed scheme, having reduced waste levels and increased levels of fabric-first insulation performance when compared with traditional construction methods.
The office space aims to achieve ‘Excellent’ BREEAM certification, underlining the project’s sustainability credentials.
For the development, Elements Europe secured “significant” investment through majority acquisition by the South Korean conglomerate GS E&C.
Commenting on the scheme, Simon Underwood, CEO of Elements Europe, said: “We look forward to working with our partners in this prime, central London location, on this advanced scheme.
“Elements Europe has considerable experience as a leading large scale modular manufacturing and construction company, having been founded over 17 years ago.
“Now supported by one of the world’s leading construction and engineering groups – GS E&C – it enables us to provide certainty and security for our customers in today’s difficult markets.
“The environmental aspects of this scheme are important to us as a business and are another example of how the industry can continue to modernise for our sustainable future.”
Image: Location of the new £100m hotel and office development in central London
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