Saturday, October 24, 2009

[Property News] Mace to deliver Macau's first green residential development

Mace Group has won a project management appointment on a luxury residential development for client Guia Hill (Macau) Investments Limited, a joint venture between Macquarie Real Estate and VC Group. This follows an appointment to carry out a due diligence report of the project site and demonstrates Mace Group's continued work in the region.

The US$32m scheme comprises 30 luxury apartments over six storeys and a mix of public and private space on the roof including pools and landscaped decking. Car parking will be provided at basement and ground level. The client aims to delivery luxury to an international standard and the building has also been designed to the highest environmental standards such that it will be eligible for gold standard accreditation for its 'green' credentials. If successful, Guia Hill will be the first residential project in Macau to receive formal environmental accreditation reflecting the increased awareness of sustainability issues amongst its target market of mainland Chinese.

As project manager, Mace is responsible for the procurement and management of the consultant team, developing and managing the master programme, managing the design, procurement of the works and management of the construction process until handover. Work got underway in October 2009 and is due for completion in early 2011.

This role follows a previous appointment to carry out a due diligence report of the project site.

Macau Peninsula is a special administrative region (SAR) of China, approx 60km west of Hong Kong and Mace secured the role thanks to its local knowledge gained in the successful delivery of the Venetian resort and casino and other major projects in the region.


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