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Minerva and Skanska, have signed a £150 million construction contract to build one of the largest office developments in the City.
The scheme was designed by Grimshaw and will provide Skanska with around 560,000 sq ft of office space at the St Botolph’s development.
"With a construction contract now signed, a significant pre-let agreed and funding in place, we look forward to delivering the St Botolph’s development into the market on schedule in 2010," said Tim Garnham, Minerva’s group development director.
Skanska is hoping to extend its long-term relationship with Minerva. Dave Shadwell, senior vice president, said St Botolph’s is a very exciting scheme and the company is " looking forward to delivering another stunning development".
The new offices will be built next to St Boltoph’s church, which dates back to 1553 and is now a refuge for the homeless.