Client for the £30m contract is Hamburg-based Union Investment Real Estate GmbH, who has appointed Core to manage the project on its behalf.
Initial works include demolition of the ground floor slab, together with structural alterations to the existing eight-storey office building. During the reconstruction phase, Skanska will add an additional floor at roof level, to provide more than 1,000 square meters of additional fully serviced office space.
Work also includes full restoration of the existing Portland Stone facade to the Finsbury Circus elevation and construction of a new rear facade incorporating Portland Stone and new windows to the rear elevation. Architect for the scheme is Fletcher Priest.
Work will start on site immediately, with completion scheduled for January 2013.