INDUSTRY NEWS

Skanska appointed to build One New Street Square London office space

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Stockholm-based construction and development company Skanska has agreed a deal to construct new London office space for Land Securities.

The Swedish company has signed the contract, worth £97 million, to begin work immediately on the property at One New Street Square.

It will replace the three existing buildings on Shoe Lane – the site of the International Press Centre

Shaped like a two interlinked wedges, the flat-topped building will provide around 287,000 sq ft of space.

It’s also been confirmed that AECOM will provide consultancy on the mechanical and electrical aspects of the Midtown project.

One New Street Square is the third Land Securities Project that Skanska has been awarded, and has been viewed as a major coup.

A planning resolution was originally awarded back in 2011.

Land Securities London portfolio head of development, Collette O’Shea, said at the time: “One New Street Square will be a natural extension to the area, making it even more attractive to potential occupiers. It will bring much-needed grade A office space to London in 2016 and help maintain London’s reputation as an attractive place to work.”

Skanska is scheduled to begin working on the project immediately (February 2014), with a current delivery date in summer 2016.

By: Kirsty MacGregor

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.

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