INDUSTRY NEWS

Skanska Wins £33m Project To Build Office Space In London

Swedish construction company Skanska has won a contract worth £33 million to begin building new office space in London.

It’s been given the go-ahead to start work on The Monument Building, situated at the centre of the city, immediately. The building, named because of its position – next to the Monument to the Great Fire of London – will provide 85,00 sq ft of office space spread out over nine-storeys. It’ll also provide around 3,000 sq ft of space for retail amenities on its ground floor.

The Monument Building has been designed to deliver a BREEAM (BRE Environmental Assessment Method) rating of excellent. Amongst the innovative features the building will boast are LED lighting, and a roof terrace with photovoltaic panels.

Neal Pickering, development director at Skanska Project Development, spoke about the scheme.

He said: “This is the second office development project that Skanska has invested in during the last three months. We are particularly excited to be bringing Skanska’s experience to the development of energy-efficient buildings in the City of London.

“We believe The Monument Building will set new occupational standards in terms of design and sustainability within the Square Mile,” he added.

The building is scheduled for completion by 2015’s fourth quarter.

By: Kirsty MacGregor

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