Iconic Woolgate Exchange retrofit gets underway


Mace has started construction of the full refurbishment of the landmark Woolgate Exchange for office space. 

Woolgate Exchange entrance leading onto Basinghall Street.
Credit: Mace

The firm was selected for the newly named ‘Woolgate’ scheme by Stanhope and the Woolgate Exchange Unit Trust (WEUT).  

As main contractor, Mace will provide 320,000 sq ft of new workspace, as well as: 

  • More than 20,000 sq ft of terraces on most upper floors  
  • Enlarged reception area leading onto Basinghall Street  
  • New entrance on Coleman Street  

A 4,000 sq ft communal roof terrace and a new rooftop pavilion with views of St. Paul’s Cathedral and the Square Mile is also planned.   

The nine-storey retrofit aims to preserve 98% of the existing structure through a ‘reuse and retention strategy’, said Mace.   


  • Net zero carbon (construction and operation)  
  • All-electric building   
  • No fossil fuel or gas boilers on site  
  • 100% green power purchase agreements   
  • 4.5 NABERS rating  
  • BREEAM rating: ‘Excellent’  


  • Stiff + Trevillion 

Construction is set to complete early 2025. 

“Our vision for the Woolgate redevelopment is to create a transformative space that combines sustainability, innovation, and functionality,” said Laura Collins, project director at Stanhope.  

“We are excited to reimagine this landmark building and deliver a state-of-the-art headquarters that promotes productivity, well-being, and connectivity.  

“With its innovative amenities and commitment to preservation and green practices, Woolgate will set new standards in commercial real estate, reflecting our dedication to shaping the future of workspaces.” 

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