Contractor confirms £28m office scheme win in City of London

100 Cheapside

Skanska has confirmed it has won the £28m job to build 100 Cheapside in the City of London.

The contract includes demolition of the existing building and construction of a ten-storey commercial building for Ten Times Development, a joint venture between Quadrant Estates and and City of London.

The building was designed by EPR Architects and will aim for BREEAM Excellent and LEED Platinum ratings.

Paul Heather, managing director of Skanska’s building division in London and the South-east said: “Skanska is delighted to have won this contract in the heart of London.

“Winning this in such competitive market conditions is a true testament to our commitment to a more sustainable future and our client’s confidence that they can use our knowledge and skills to achieve a building which meets the high environmental standards of today and for years to come.”

Graham Tyler, director of Quadrant Estates said: “We have set high environmental targets for 100 Cheapside, and as a leader in sustainability Skanska is best placed to meet these.

“We are working with them on another City development and are confident that both will be delivered to a high standard.”

Work is set to begin in March 2013 and is scheduled to conclude in September 2014.