New City tower block contract to be awarded

New City tower block contract to be awarded

Construction of a £110 million, 19 storey office building in the City that has spent ten years in the development pipeline is expected to start soon with a contract reportedly to be awarded to Skanska.

 

The One Mitre Square project was shelved last year, despite demolition getting under way, while developer Helical Bar looked for a funding partner, after Skanska, Carillion and Balfour Beatty had already been shortlisted. Helical Bar confirmed in its interim results last month that construction on the already cleared site would start this year now that a joint venture funding partner had been found.

 

The Sheppard Robson designed 79 metre tall, 270,000 sq ft office development, which aims for a BREEAM ‘Excellent” rating, will be mostly offices, with shops on the ground floor and two basement levels, to be built on a very constrained site adjacent to a school, other offices and residential buildings. The project includes major public realm works and landscaping around the building.

 

The project team also includes Core Five as quantity surveyor, project manager is Second London Wall and Ramboll is structural engineer.

 

The site is close to other City landmarks like Heron Tower and the Willis and Lloyds Buildings in the EC3 district. The start of work on the One Mitre Square project will be widely seen as further evidence of a strengthening London development market.

 

Other major construction projects already awarded this year include the £150 million Rathbone Place project which Lend Lease is to undertake for Great Portland Estates.

 

Skanska itself has already been awarded a £97 million contract this year for the 20 storey One New Street Square development for Land Securities.

 

Photo © Helical Bar PLC

Please rate

Comments 

Ctrl + Enter

Most Read

What To Look Forward to in the 4th Year of AMP6 and Beyond

What To Look Forward to in the 4th Year of AMP6 and Beyond

As we move into the 4th year of the 5-year cycle of AMP6, and with AMP7 on the horizon in 2020, the UK will continue to see a shift in focus to increasing efficiency and decreasing total expenditure for companies. In recent AMP periods, the focus lied in increasing value for customers (i.e.

Congratulations to Barhale on Their Recent Award

Congratulations to Barhale on Their Recent Award

At Anglo Technical Recruitment, we pride ourselves on aligning with best and the brightest individuals and organisations. We are honoured to work with Barhale, recent recipient of the New Civil Engineer 2017 ‘Specialist Tunnelling Project of the Year’ for the Elan Valley Aqueduct (EVA)

What Does Carillion’s Collapse Mean?

What Does Carillion’s Collapse Mean?

The ever burgeoning construction job market took a major hit with the announcement of the construction giant Carillion’s liquidation. Carillion, the second largest construction firm in the UK, also provides public services, facilities management, and maintenance through contracts with small

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.