Skanska builds new commercial office building in the City of London, UK, for GBP 240 M, about SEK 3 billion

2/13/2020 7:30 AM CET

Press release

Skanska has signed a contract with Great Elm Assets Limited, in association with Old Park Lane Management Limited and their Development Partner CO—RE, to construct the commercial office building 20 Ropemaker Street in Central London, UK. The contract is worth GBP 240 M, about SEK 3.0 billion, which will be included in the order bookings for Europe for the first quarter 2020.

ropemaker

The scheme will consist of approximately 39,000 square meters of office space, while 1,100 square meters of retail space will be located at ground level. As part of the project Skanska will also install mechanical, electrical and plumbing engineering services in the 25-storey commercial project.

The project is targeting the certifications BREEAM ‘Outstanding’ and WELL Building Standard Version 2 – Platinum.

Construction is due to start in the first quarter of 2020 and complete early in 2023.

Skanska is one of the leading development and construction companies in Europe. Outside the Nordics, the company has European operations in building construction and civil engineering in Poland, Czech Republic & Slovakia and UK. Skanska develops commercial properties in select home markets in Poland, Czech Republic, Romania and Hungary, while the residential development is active in Prague and Warsaw. In 2018, Skanska had sales of SEK 36 billion and about 14,200 employees in its European operations.

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