Skanska builds office property in London for SEK 1 billion (SE/UK)

Skanska has signed a contract with developer Helical Bar to build the commercial development Creechurch Place in London, UK. The contract is worth  SEK 1 billion (approx. 109 million €) which will be included in order bookings for Skanska UK for the second quarter of 2014.

The Creechurch Place development, in the City of London, will provide 26,000 m² of office accommodation over 21 floors. Skanska is responsible for the construction, mechanical and electrical engineering and installation of services within the main plant rooms.

The development is expected to achieve a BREEAM Excellent rating when complete.

Work is due to start in August 2014 and finish in September 2016.

Skanska UK reported revenues of about SEK 13 billion (approx. €1.4 billion ) in 2013. It has around 5,000 employees. The company is active in building and civil construction, utilities and building services, as well as facilities management and commercial development. In the UK, Skanska is a leader in public private partnerships, PPPs, also known as Privately Financed Initiatives, PFIs.

Source: Skanska Group

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