Skanska builds office property in London, UK, for GBP 95 M, about SEK 1 billion

4/17/2014 8:30 AM CET
Press release

Skanska has signed a contract with developer Helical Bar to build the commercial development Creechurch Place in London, UK. The contract is worth GBP 95 M, about SEK 1 billion, 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 square meters 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 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.