Fit-out job with 拢200m price tag currently biggest being let in London market

Just two firms are left on the list bidding the biggest fit-out job currently up for grabs in London following ISG鈥檚 demise.

The scheme at 81 Newgate Street to fit out the new offices of HSBC, currently being built by Mace, was being tendered by Overbury, Mace 鈥� and ISG.

But the firm collapsed into administration last Friday leaving Overbury and Mace to now fight it out for the 拢200m deal at St Paul鈥檚.

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Mace鈥檚 HSBC scheme is due to reach practical completion in the first half of next year

黑洞社区 understands that ISG鈥檚 bid was already being discounted by rivals because of its growing financial problems with rumours beginning earlier this month that it was on the brink of collapse.

Overbury recently won a 拢100m scheme to fit out the London offices of law firm A&O Shearman, having pipped Mace in the final round.

Meanwhile, ISG is understood to have completed the final few floors of its 拢100m scheme to revamp the headquarters of Barclays at Canary Wharf before it collapsed. The firm won the deal at 1 Churchill Pace back in September 2021.

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