Stanhope and Cheyne Capital award Mace £450m GDV Red Lion Court Bankside office contract

Stanhope and Cheyne Capital acquired the Red Lion Court site in September 2025 and have now committed to delivery by appointing Mace Construct. The 1.24-acre Bankside riverside site will deliver a 250,000 sq ft sustainable, Grade A office tower designed by BIG. The development targets the growing demand for best-in-class, highly amenitised South Bank offices from technology, media and professional services firms. The £450 million GDV reflects both the constrained prime London office supply pipeline and the premium that occupiers and investors assign to BIG-designed, river-fronting assets. Stanhope (UK developer/asset manager; risk capital and development management); Cheyne Capital (UK alternative asset manager; co-investor); Mace Construct (UK construction contractor; main contractor); BIG (Bjarke Ingels Group; architect). No development finance disclosed at this stage; equity-funded development typical of Stanhope/Cheyne structure, with debt likely arranged later.