Skanska to build 25-storey commercial building in Central London for EUR 286 million

Skanska to build 25-storey commercial building in Central London for EUR 286 million

(PRESS RELEASE) STOCKHOLM, 13-Feb-2020 — /EuropaWire/ — Skanska to construct the commercial office building 20 Ropemaker Street in Central London, UK. The contract worth around 286 million euros (GBP 240 M/ SEK 3.0 billion) was signed with Great Elm Assets Limited, in association with Old Park Lane Management Limited and their Development Partner CO—RE. The transaction will be included in the order bookings for Europe for the first quarter 2020.

The 25-storey building will be composed of approximately 39,000 square meters of office space and 1,100 square meters of retail space located at the ground level. Included in the project is the installation of mechanical, electrical and plumbing engineering services in the commercial project which will all be done by Skanska.

Construction is scheduled to start in the first quarter of 2020 and is planned to be completed early in 2023. The project targets the certifications BREEAM ‘Outstanding’ and WELL Building Standard Version 2 – Platinum.

Skanska is a multinational development and construction company based in Sweden. Outside the Nordics, Skanska has European operations in building construction and civil engineering in Poland, Czech Republic & Slovakia and UK. Skanska develops commercial properties in select home markets in Poland, Czech Republic, Romania and Hungary, while the residential development is active in Prague and Warsaw. In 2018, Skanska had sales of SEK 36 billion and about 14,200 employees in its European operations.

For press information, please contact:

Kevin Perlmutter, Head of Corporate Communications, Skanska UK, tel +44 7968 221160
Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94
Direct line for media, tel +46 (0)10 448 88 99

SOURCE: Skanska