Skanska has been assigned to construct another office building at PaddingtonCentral in London. The contract amounts to about £88 million (approx. €102 mln.), which will be included in order bookings for the first quarter of 2008. The customer is Development Securities PLC.
The assignment is for Two Kingdom Street, a 13-story building, at which the office floors will be designed around an atrium and have six panoramic elevators. The building will comprise a gross floor area of 46,200 m². Work will commence immediately and completion is scheduled for January 2010.
Skanska was awarded the project on the basis of its integrated expertise in building, as well as mechanical, electrical and ground engineering and its specialist operating units.
For the same customer, One Kingdom Street was completed earlier this year. This is a 12-story building, with a gross floor area of 32,500 m². That construction assignment was worth £75 million (approx. €87 mln.).
Skanska UK reported revenues of SEK 17.7 billion (approx. 1.77 bln.) in 2007, with about 5,500 employees. The company is active in building and civil construction, utilities and building services. Skanska is also a leader in the British program for private public partnerships, PFI (Private Finance Initiative).