INDUSTRY NEWS

Skanska set for One Mitre Square London office contract win?

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Skanska is set to take on its fourth major London office job in just six months.

The Swedish construction company is expected to sign a contract worth an estimated £110 million to build One Mitre Square before the end of this month, according to Glenigan – a leading provider of construction contract leads.

A development that has been proposed for more than a decade, One Mitre Square is situated at the heart of the City of London.

It will consist of 273,000 sq ft of city office space spread out over 19-storeys and has been designed to deliver a BREEAM (BRE Environmental Assessment Method) rating of excellent.

The ground floor levels will feature space dedicated to retail amenities.

Developer Helical Bar previously revealed that a financial partner to help fund the project has been found and the site has been cleared, meaning that construction work can begin later this year (2014).

Should Skanska secure the contract, it will mark a highly impressive six month period for the company – following £100 million-plus contract wins to carry out construction work on the One New Street Square, the Scalpel tower at 52 Lime Street, and 1 & 2 New Ludgate developments.

Both Helical Bar and Skanska declined to comment.

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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