{"id":86257,"date":"2020-12-07T08:42:50","date_gmt":"2020-12-07T08:42:50","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=86257"},"modified":"2020-12-07T08:42:50","modified_gmt":"2020-12-07T08:42:50","slug":"park-modern-london","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/park-modern-london\/86257\/","title":{"rendered":"Ant Yapi lands \u00a3100m Park Modern scheme in London"},"content":{"rendered":"

Contractor Ant Yapi<\/a> and Fenton Whelan<\/a> have agreed a \u00a3100m design and build contract to deliver the \u00a3500m Park Modern mixed-use development in London<\/h2>\n

The Park Modern design and build contract is one of the largest agreed this year for a residential-led project<\/a> in central London.<\/p>\n

Fenton Whelan has managed the construction site during demolition and groundworks and Ant Yapi will complete the development.<\/p>\n

Park Modern is a 190,000 sq ft development providing 57 one-to-six bedroom luxury residences, as well as 30,000 sq ft of premium commercial space.<\/p>\n

Residents in the development will have access to valet parking, resident\u2019s lounge, a 25-metre pool, gym, spa, cinema, and treatment salon.<\/p>\n

Once complete, Park Modern will represent a major contribution to the dramatic regeneration of the Queensway area, transforming it into the residential and retail focus of Hyde Park North.<\/p>\n

\u2018Unlock significant pent up demand\u2019<\/h3>\n

Sanjay Sharma, co-founding director of Fenton Whelan, said: \u201cIn late 2019 we did a teaser marketing and sales campaign for Park Modern and as a result of this pre-sold the first phase of apartments at values up to \u00a34,600 per sq ft, a price record for homes on the Northern boundary of Hyde Park.<\/p>\n

\u201cThen, due to Brexit and the Covid-19 pandemic<\/a> we decided to pause sales, incrementally progress construction and monitor the prevailing economic conditions.<\/p>\n

\u201cWith the announcement of a vaccine and the return of confidence that by the Spring we will see the start of a return to normality, we made the decision to award in a single stage a \u00a3100m construction contract to Ant Yapi, the largest construction deal for a resi-led scheme awarded in London\u2019s West End this year.<\/p>\n

\u201cWe anticipate that the return to normal next year will unlock significant pent up demand in the London market and we want to be ready to be able to launch phase 2 in a strong market.\u201d<\/p>\n

James Van Den Heule, co-founding director of Fenton Whelan, added: \u201cFenton Whelan is delighted that Park Modern is now fully funded and we are pleased that Ant Yapi are now on board to deliver our vision for this transformative, parkside development.<\/p>\n

\u201cThe design and specification of Park Modern is a fresh, contemporary approach to the London market.<\/p>\n

\u201cAnt Yapi has the global skill-set and expertise to deliver the world-class quality and fine attention to detail that the project requires.<\/p>\n

\u201cAnt Yapi has delivered projects in Belgravia and Marylebone and have been the main contractor on the Aman Hotel New York, the Zaha Hadid Capital Hill Villa and the 240m Moscow City Federation Towers.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

Contractor Ant Yapi and Fenton Whelan have agreed a \u00a3100m design and build contract to deliver the \u00a3500m Park Modern mixed-use development in London.<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[676,997,572,579,947,639,669],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-86257","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-construction","8":"tag-development","9":"tag-housebuilding","10":"tag-infrastructure","11":"tag-london","12":"tag-procurement","13":"tag-regeneration"},"acf":[],"yoast_head":"\nAnt Yapi lands \u00a3100m Park Modern scheme in 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