Skanska agrees £45m price for Copyright contract
Skanska has signed a £45m fixed price contract to construct the Copyright Building for Derwent London.
Designed by Piercy & Company, the 9,800 m2 scheme will be a mixture of retail and offices. The ground floor will provide 1,850 m2 of retail space. There will be 7,950 m2 of fully fitted out category A offices across seven floors with two floors of roof terraces.
Capita Business Services has agreed to lease the office space for 20 years at a rent of £7.4m per year.
Skanska managing director Paul Heather said: “We are delighted to have been awarded our first project for Derwent London, a developer which Skanska has wanted to work with for many years. We look forward to developing our working relationship through the successful delivery of the Copyright Building.”
Derwent London head of development Richard Baldwin said: “We are very pleased to have appointed Skanska as the main contractor on the Copyright Building. Together we will deliver a first class office and retail scheme in one of London’s most attractive areas.”
The scheme is targeting the BREEAM Excellent environmental standard, using sustainable approaches throughout the construction phase and installing solar panels on the building’s green roof.
Skanska said that it had put together a specialist in-house team for this project to combine its skills in design, construction, mechanical and electrical engineering and ceiling installation. The team will install and commission chilled plasterboard ceilings, which are new to the UK, to all of the seven upper floors.
Work is expected to be completed in autumn 2017.
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This article was published on 25 Feb 2016 (last updated on 25 Feb 2016).