Skanska has been awarded the contract to construct the Walbrook office and retail development in central London. The contract amount totals £150 million (c. €206m) and will be included in order bookings for the third quarter of 2007. The customer is the UK property company Minerva.
The construction project, at the intersection of Walbrook and Bond Court, with frontage on Cannon Street, will be one of the largest in the City of London. It will comprise a total of approximately 60,600 m², including 35,000 m² of rentable office area and 6,000 m² for stores and restaurants.
Skanska secured the contract based on the company's expertise in such fields as design, foundation engineering, piling, construction, steel decking and mechanical and electrical engineering. There are few competitors in the UK market that can offer such a broad range of services as Skanska. Skanska has carried out two major projects for Minerva in recent years, the 90 High Holborn development and the redevelopment of the company's headquarters on Wigmore Street.
Work on the Walbrook project has now commenced and is expected to be completed towards the end of 2009.