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Two left in race for £350m Ten Broadway job

Multiplex and Skanska are the last two firms left in the race for the £350m deal to redevelop the site of New Scotland Yard’s former central London headquarters, Construction News can reveal.

CN understands the two contractors are now battling it out to land the contract for the scheme, which will see six new residential blocks built on the site of the former Metropolitan Police HQ in Victoria.

Mace and Sir Robert McAlpine are understood to have also shown interest in the project.

In 2016 developer BL Development, which is owned by Abu Dhabi Financial Group, secured planning permission to demolish the old New Scotland Yard base and replace it with six buildings comprising 268 apartments.

BL Development chose Northacre, of which it is a major shareholder, as development manager.

Keltbray began demolition on the site in 2016, and main construction is expected to start later this year.

The west side of the development is expected to be completed in late 2020, with the east section of the scheme completing in early 2021.

The six buildings will range from 14 to 20 storeys in height and include high-end apartments of one, two, three and four bedrooms.

Both firms have won a number of high-profile jobs in central London in recent years.

Last year Multiplex saw its revenue pass the £1bn mark following a string of high-profile wins in the City.

In July it won the deal for the £240m Aykon tower scheme at Nine Elms, while the firm is also building the £600m 22 Bishopsgate and the £900m One Nine Elms for Chinese client Wanda One

Skanska meanwhile won the £142m St Giles Circus scheme near Tottenham Court Road in July 2017, and clinched the £127m Eighty Fenchurch Street later in the year.

On Friday, Skanska confirmed that a number of employees had been made redundant as part of a major restructure.

The shake-up will see the company split into building and building services divisions, with infrastructure sitting separately to both, which bosses claim will improve Skanska’s customer service.

Multiplex and Skanska both declined to comment. Northacre has declined to comment.

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