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

80% of IT projects in public sector delayed due to IR35

80% of IT projects in public sector delayed due to IR35

The vast majority of UK government IT projects are suffering severe delays due to freelancers quitting over the IR35 tax clampdown. In April, the government shifted responsibility for compliance with the IR35 legislation from the individual contractor to the public body or recruitment agency. The

Innogy and Statkraft win contract at 860 MW UK wind power plant

Innogy and Statkraft win contract at 860 MW UK wind power plant

Norway’s state-controlled hydropower company Statkraft and Germany-based energy company Innogy have won a tender in the Contract for Difference (CFD) auction in the UK for their 860 MW Triton Knoll offshore wind power project.The wind farm off the coast of

Is there a post-Brexit salary rise? It looks like it...

Is there a post-Brexit salary rise? It looks like it...

Following the Brexit vote in June last year, many experts predicted that markets would continue to fall leaving salaries stagnating and even falling in some sectors. Data shows the pace at which new jobs are being created is still slower than in 2014, with economic growth affected by the

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.