Skanska secures construction contract in London for €116 million (SE/UK)

Skanska has been contracted to construct a key commercial development at PaddingtonCentral in London for €116 million (£75 million). The contract amount is included in order bookings for the second quarter.

The customer is Development Securities PLC and the project is being funded by Morley Fund Management and DIFA Deutsche Immobilien Fonds AG.

The project involves the construction of a twelve-story building comprising 32,500 m² (gross external area). The main section is the ten upper floors of office space, designed around two central atriums to incorporate a core feature of six scenic passenger elevators.

Work begins immediately and is scheduled for completion in January 2008.

To undertake the project, Skanska UK has assembled an integrated team incorporating its building, steel decking, mechanical and electrical, ground engineering and ceiling expertise.

By combining key disciplines available to us from within Skanska UK, we have been able to offer the customer a unique solution, says David Fison, Chief Executive of Skanska UK.

In recent years, Skanska has completed some of central Londons most spectacular commercial projects. Such as Palestra, Moor House and Swiss Res iconic 180-meter London office.

Source: Skanska

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