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Skanska confirmed for £115m Bevis Marks London job

Axa Real Estates Investment Managers and private equity backers MGPA have officially announced the appointment of Skanska to build the 6 Bevis Marks office development in the City of London.

The contractor is due to hand the 170,000 sq ft scheme in 2013.

Eurohypo has provided development finance for the speculative office scheme which has an expected £115 million development cost.

Located in the heart of the square mile’s insurance district, the developers hope 6 Bevis Marks will benefit from its close proximity to Liverpool Street where a new Crossrail terminus will be completed in 2017.

Skanska has been awarded the full design and build contract for the Fletcher Priest Architects designed scheme, having previously been engaged during the demolition phase.

The design includes floor plates ranging in size from 6,000 sq ft to 13,000 sq ft, making the development suitable for a broad range of clients either on a single or multi-let basis.

It is targeting a BREAAM ‘Excellent’ Sustainability rating and will be 80 per cent more energy efficient than the building it replaces.

Axa Real Estate’s UK director of development Harry Badham said:  “This development, with its spectacular sky-garden on the 16th floor, will provide one of the most exciting additions to the skyline in the City’s tower cluster, alongside the Gherkin and the Heron Tower.

“We believe Bevis Marks will provide an exceptional workspace and is being delivered at a time when new build space will be in short supply, further emphasising our ability to source innovative assets which have the potential to create significant value for our clients.”

Paul Heather, managing director at Skanska said:  “To be appointed as principal contractor for the construction phase of this innovative 170,000 sq ft new build development is a challenging prospect, but one that we relish and we are confident that, alongside AXA Real Estate and MGPA, we can deliver an outstanding and highly sustainable new office property onto the market.”

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