Skanska has secured the contract for a £50 million development in Bevis Marks in the City of London.
Work is due to start immediately on site to construct the 16 storey commercial building, which includes retail areas, basement, basement mezzanine, ground floor and 15 upper floors totalling 22,000 square metres. The contractor expects to complete the job in the autumn of 2013.
The building has a target to achieve BREEAM Excellent rating. Skanska is set to incorporate elements such as combined heat and power generation, rainwater harvesting systems, energy saving lighting systems, condensing boilers, electronically commutated motors on fan coils and energy reclaim systems on air handling unit. All internal services will be controlled by a comprehensive building management system to increase overall energy efficiency.
Architects for the scheme are Fletcher Priest Architects.
The client is Bevis Marks Development, the shareholders of which are AXA Real Estate on behalf of its Real Estate Opportunities Fund II, MGPA and Eurohypo.
Paul Heather, managing director of Skanska’s Building – London & South East operating unit, said: “This project allows us the opportunity to build new relationships with AXA Real Estate, MPGA and Eurohypo. Credit must be given to all parties involved in this project for their persistence over the past months to ensure we have reached contract award. We look forward to working with Fletcher Priest Architects and Waterman Structures/Services to deliver this building.”