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Skanska wins £150m Minerva deal

Skanska has won a £150 million contract to build the St Botolphs development in the City of London for Minerva.

Work will cover construction of a grade A, 14 storey office and retail building designed by architects Grimshaw. Arup will carry out engineering work with Roger Preston & Partners taking on the M&E design.

The development will be built on a 1.25 acre site in Aldgate.

St Botolphs is Skanska’s second job in the City for Minerva following the recent appointed on The Walbrook project last summer. Enabling work on St Botolphs is now underway with completion due in 2010.

Minerva group development director Tim Garnham said: “We are delighted that Skanska will be working with us on St Botolphs.

“With a construction contract now signed, a significant pre-let agreed and funding in place, we look forward to delivering the St Botolphs development into the market on schedule in 2010.”