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